Spinning Mill, Sy. No. 38, Light Indl. Area, Adilabad has applied for change of Financial Institution form SBH Main Branch, Adilabad to Karur Vysya Bank Adilabad Branch along with copies of No Dues vgCertificate issued by M/s. SBH Main Branch, Adilabad, and requested to process the claim applications of the unit for sanction of Interest Subsidy / Reimbursement of Power Consumption Charges and the General Manager has submitted the following documents: No Dues Certificates issued by SBH Main Branch, Adilabad Term Loan sanction letter issued by Karur Vysya Bank Adilabad Branch As per 24.3 of IIPP – 2010-2015 guidelines, in respect of SLC sanctioned unit the General Manager after receipt of release proceedings shall obtain an agreement bond, advanced stamped receipt and assignment letter and forward the same after satisfying himself on the physical verification that the Enterprise / Industry is working continuously, the assets are intact and there is no change in the management, no change of financial institution and also the Enterprise / Industry complying with the conditions, if any, imposed in the consolidated proceedings. As per 24.10 of IIPP -2010-2015In respect of APSFC financed industrial Enterprises, subsidy amounts sanctioned and released shall not be credited to the A/c. of respective industrial Enterprises if they are sick, closed or changes of management taken place or sold away, change of financial institution etc. Also wherever the General Manager, DICs finds an industrial enterprise sick,
Spinning Mill, Sy. No. 38, Light Indl. Area, Adilabad has applied for change of Financial Institution form SBH Main Branch, Adilabad to Karur Vysya Bank Adilabad Branch along with copies of No Dues vgCertificate issued by M/s. SBH Main Branch, Adilabad, and requested to process the claim applications of the unit for sanction of Interest Subsidy / Reimbursement of Power Consumption Charges and the General Manager has submitted the following documents: No Dues Certificates issued by SBH Main Branch, Adilabad Term Loan sanction letter issued by Karur Vysya Bank Adilabad Branch As per 24.3 of IIPP – 2010-2015 guidelines, in respect of SLC sanctioned unit the General Manager after receipt of release proceedings shall obtain an agreement bond, advanced stamped receipt and assignment letter and forward the same after satisfying himself on the physical verification that the Enterprise / Industry is working continuously, the assets are intact and there is no change in the management, no change of financial institution and also the Enterprise / Industry complying with the conditions, if any, imposed in the consolidated proceedings. As per 24.10 of IIPP -2010-2015In respect of APSFC financed industrial Enterprises, subsidy amounts sanctioned and released shall not be credited to the A/c. of respective industrial Enterprises if they are sick, closed or changes of management taken place or sold away, change of financial institution etc. Also wherever the General Manager, DICs finds an industrial enterprise sick,