Futura Polyesters Limited - Loans (Charges)

Futura Polyesters Limited has 124 charges registered with the Registrar of Companies: 48 open charges worth Rs 575.48 Cr and 76 satisfied charges worth Rs 1,443.53 Cr. The largest open charges are held by Bank Of Baroda, The Industrial Credit And Invest. Corp. Of Inida Limited and Abn Amro Bank Ltd.. The most recent charge was created on 29 Jun 2012 in favour of Bank Of India for Rs 4.05 Cr and is closed.

A charge is a security interest a company creates over its assets in favour of a lender. An open charge is still outstanding; a satisfied charge has been repaid and closed with the Registrar. Under the Companies Act, 2013 every charge must be registered within thirty days of creation (Form CHG-1, or CHG-9 for debentures) and its satisfaction reported within thirty days of repayment (Form CHG-4). Amounts are as filed with the MCA.