C. Viswanath, Member—The case of the Complainant is that the Company had taken a loan from the Opposite Party/Canara Bank in 1980 with a limit of Rs.5 lakhs. The limits were enhanced from time to time by the Bank at the request of the Complainant. In the year 1997, the limits were enhanced to Rs.15 lakhs Open Cash Credit (OCC) and Rs.5 lakhs Key Shut Cash Credit (KCC).

2. In January 1998, the Complainant Company as well as most of the industries/factories operating in and around Delhi were sealed by the Delhi Pollution Control Committee (D.P.C.C.) on court orders. The Hon’ble Supreme Court had also passed an order that no interest would be paid for the period for which unit remained closed on court orders. After the Delhi Pollution Control Committee (D.P.C.C.) granted permission to re-start the factory in December 1999, the Complainant approached the Opposite Bank for re-finance and rehabilitation of the unit. In January 2001, the Opposite Party granted fresh limits and restructured the old limits. The old loan became around Rs.40 lakhs and fresh limits of Open Cash Credit (OCC) of Rs.40 lakhs, B/E 10 lakhs and Working Capital Term Loan (WCTL) of Rs.15.00 lakhs were granted.