Persons entitled
- The State Bank of India
Amount secured
All sums due or to become due but not exceeding r$ 1,75,00,000 (rupees one crone seventy five lacs)
Short particulars
Whole of the borrowers stocks of jute, hemp, bimli & mesta, whether raw or in process of manufacture and all articles manufactured.
Contains floating charge.
Restricting provisions
Companies are expressly prohibited from creating subsequent fixed securities having priority over or ranking equally with the floating charge