From a split, stressed position to one exclusive lender — in 83 days.
01 The Brief
A contracting house that has bid government civil work since the mid-1980s does not run out of order book; it runs out of banking. This borrower’s working capital and guarantee limit sat across two banks under a shared charge, so neither lender could move quickly and the firm could not draw against its own headroom when a tender window opened. Underneath sat a legacy infrastructure-NBFC facility running in one-time settlement. On paper the firm was strong; in practice the account had drifted into a stressed, multi-lender position no incumbent wanted to expand. The mandate: exit both banks, clear the NBFC overhang, fold everything onto one lender, and lift the limit high enough to carry the next bid cycle, without freezing a single guarantee on a live contract.
02 Sanction Structure
| Facility | Type | Limit (₹ Cr) | Notes |
|---|---|---|---|
| Cash Credit | Fund-based · Working Capital | 15.00 | Repo-linked · Quarterly Reset |
| Bank Guarantee | Non-fund-based | 25.00 | Incl. Counter-BG Sub-limit ₹4.50 Cr |
| Total Exposure | FB + NFB | 40.00 | Single Exclusive Charge |
Security: registered mortgage and hypothecation across the ₹40 Cr exposure · partner guarantees · escrow over captive HAM road-SPV cash flow. Priced at preferred special-situations terms.
03 What CCF Solved
TWO BANK EXITS, ONE WINDOW
Joint takeover letter and dual letters of disbursement closed both incumbent charges inside a single settlement window, with no gap where a guarantee could lapse.
LEGACY NBFC OVERHANG
The infrastructure-NBFC facility was tracked through its one-time settlement to no-due certificates, released before mortgage perfection rather than left for the committee to flag.
PARTNER KYC REMEDIATION
A minor-to-major PAN conversion for an incoming partner cleared the amended partnership deed the lender required for sign-off.
FIVE-PROPERTY MORTGAGE
Title search, empanelled valuation and a fresh registered mortgage were run across five sites, including older NA plots that predate current sanction-plan norms.
SPV ESCROW
Cash flow from a captive hybrid-annuity road SPV was ring-fenced through a two-account escrow as additional comfort, without disturbing the project’s own obligations.
LIMIT RE-RACKED
A constrained combined exposure of roughly ₹10 Cr came out as ₹40 Cr, sized for the order book ahead rather than the one behind.
04 Execution Timeline, 83 Days, Login to Disbursal.
Mandate
Site Visit
Valuation
PF Paid
Sanction
Joint LOD
Mortgage
Takeover
Disbursal
05 Collateral Footprint Created
| # | Property | Area (Sq.M) | Status at Login |
|---|---|---|---|
| 1 | Residential land & building | 1,208.57 | Free |
| 2 | Commercial building (Head Office) | 268.30 | Charged · Incumbent 1 |
| 3 | Open NA land | 43,882.97 | Free |
| 4 | Residential land & building | 164.15 | Charged · Incumbent 2 |
| 5 | Open NA land | 6,466.60 | Free |
| — | Aggregate Registered Mortgage | 51,990.59 | All Re-charged Exclusive |
06 Number that Matter
The CCF Read
This was a genuine special-situations resolution, not a routine limit enhancement. The account was stressed, multi-lender, and carrying an NBFC settlement, which is why it had to move through a special-situations desk rather than a vanilla balance transfer. What made it bankable was the appraisal done before the file reached the sanction committee: the gearing, security cover, guarantee mechanics and partner KYC were reconciled upfront, so the committee saw a clean structured file instead of a distressed one with open ends. The five-property mortgage, the two bank exits, the settlement clean-up and the SPV escrow were sequenced into one 83-day window, against a contractor’s tender clock that left no room for a lapsed guarantee. For a borrower that needs to move off a stressed or fragmented banking position without dropping a contract cycle, that sequencing is the whole game.
Talk to Credit Core Finance
Anand Kshirsagar
C R E D I T C O R E F I N A N C E.
Creditcore Finance : Call : +91 89563 34991
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