SUBODH KUMAR SINGH

ADVOCATE & SOLICITOR

2314/4, HUDSON LINE,
LOWER GROUND FLOOR,
KINGSWAY CAMP, DELHI-110009
PH: 011-45540938, MOB: -09811375940
Email:-advsubodhkumarsingh@gmail.com

REF NO.SKS/CBI/LA/11/21 DATED 21.11.2023

To,
The Branch Manager,
Central Bank of India,
Branch,
Delhi.

LEGAL AUDIT REPORT

NAME OF THE ACCOUNT : M/s Care Formulation Lab Pvt. Ltd.

ACCOUNT NUMBER/S : 3156435830

DATE OF AUDIT REPORT : 20.11.2023

LEGAL AUDIT CONDUCTED BY : Subodh Kumar Singh, Advocate

DOCUMENTS SHOWN BY : Mr. Gulshan Kumar (BM)

(Name of Branch Officer)

ENROLMENT DETAILS OF LEGAL AUDITOR : D/1118/2003

PREVIOUS LEGAL AUDIT DATE

(if applicable) : 02.05.2022

PREVIOUS LEGAL AUDIT DETAILS

(if applicable) :

SL. PARTICULAR ARS OBSERVATIONS AUDIT METHOD /

No. MODE OF
RECTIFICATIO
N
1. CONSTITUTIO M/s Care Formulation Lab Pvt. Ltd.
N OF THE is a company having its Reg. Office: E-
BORROWER 673, DSIIDC Industrial Area, Narela, Delhi
COMPANY
PARTNERSHIP/
 HUF/
INDIVIDUAL/LLP
ETC
2. DETAILS OF DATE OF SANCTION: 18.09.2023
SANCTION
INCLUDING Vide Sanction Letter dated 18.09.2023
ENHANCEMEN
cash credit facility Enhanced and
converted into Over Draft facility of
TS AND
Rs.19.45 Crore
ACCEPTANCE
BY ALL THE
BORROWERS/
GUARANTORS
3. DETAILS OF DETAILS OF BOARD RESOLUTIONS
DOCUMENTS AND OTHER AUTHORISATIONS:-
EXECUTED BY Board Resolution dated 13.07.2023
BORROWER /
DATE OF EXECUTED BY
GUARANTOR
DOCUMENT
1. Over Draft 1. Authorised
Agreement Representative of
dated the Company
18.09.2023

2. Letter of 2. Authorised
continuity Representative of
dated Company
18.09.2023

3. DP Note 3. Authorised
dated Representative of
18.09.2023 Company

4. Letter of
Interest 4. Authorised
Variation Representative of
dated Company
18.09.2023

5. Letter of 5. Authorised
Waiver dated Representative of
18.09.2023 Company

6. Supplementar
y Agreement 6. Authorised
dated Representative of
18.09.2023 Company

7. Consent clause
by Borrower 7. Authorised
 Representative of
Company
8. Declaration
& 8. Authorised
undertaking Representative of
dated Company & Mr.
18.09.2023 Rajinder Kumar
Jindal, Neenu
Jindal, Alka
Jindal, Sushma
Jindal, Poonam
Jindal, Shelly
Agarwal,
Ravindra Jindal
and Rohit Jindal
9. Letter of
guarantee 9. Mr. Rajinder
Kumar Jindal,
Neenu Jindal,
Alka Jindal,
Sushma Jindal,
Poonam Jindal,
Shelly Agarwal,
Ravindra Jindal
and Rohit Jindal
10. Consent clause
by guarantor 10. Mr. Rajinder
Kumar Jindal,
Neenu Jindal,
Alka Jindal,
Sushma Jindal,
Poonam Jindal,
Shelly Agarwal,
Ravindra Jindal
and Rohit Jindal

11. Authorised
Representative of
Company & Mr.
11. undertaking Rajinder Kumar
dated Jindal, Neenu
18.09.2023 Jindal, Alka
Jindal, Sushma
Jindal, Poonam
Jindal, Shelly
Agarwal,
Ravindra Jindal
and Rohit Jindal

12. Extension of 12. Mr. Rajinder

 E/M dated
Kumar Jindal,
18.09.2023 Neenu Jindal,
Alka Jindal,
Sushma Jindal,
Poonam Jindal,
Shelly Agarwal,
Ravindra Jindal
and Rohit Jindal
DETAILS OF STAMP DUTY PAID
ON DOCUMENTS (DATE, NAME OF
PARTIES, VALUE)
Stamp duty is attached with documents
and proper valued.
4. SECURITY TIME GIVEN FOR SECURITY
PERFECTION (IF ANY):
CREATION

NATURE OF SECURITY AND

DETAILS
MOVABLE/ Entire Built-Up
IMMOVABLE Plot No. 30, Block
D-1, area
measuring 911
sq. yards, model
town, Phase-II,
Delhi – 110009
PERSONAL/ Mr. Rajinder Kumar
CORPORATE Jindal, Neenu Jindal,
GUARANTEE Alka Jindal, Sushma
Jindal, Poonam
Jindal, Shelly
Agarwal, Ravindra
Jindal and Rohit
Jindal
OTHERS
NEGATIVE N/A
LIEN, SCRIPS
(VIZ, SHARE
CERTIFIATES
IN PHYSICAL
FORM
5. NATURE OF Exclusive Equitable Mortgage in favour
of Bank
CHARGE ON
SECURITY
(EXCLUSIVE,
PARIPASS U/1ST
2ND ETC
6. SATISFACTION PRIOR REDUNDANT CHARGES (CHARGES
FOR WHICH LOANS HAVE ALREADY BEEN
OF LIQUIDATED); IF ANY, OF OTHER
REDUNDANT LENDERS HAVE BEEN SATISFIED AND
CHARGES: SUCH CHARGES ARE NOT REFLECTED IN
ROC SEARCH REPORT, WHEREVER
 APPLICABLE.

[IN CASE OF NON-FILING FOR

SATISFACTION OF REDUNDANT CHARGES,
LEGAL AUDITORS TO RECORD THEIR
COMMENTS BASED ON THE FOLLOWING
PARAMETERS:

[I] STATEMENT OF ACCOUNT / NO DUES

CERTIFICATE FROM THE LENDER

[II] AUDITED BALANCE SHEET ALONG

WITH LETTER FROM COMPANY
SECRETARY THAT NO SUCH DUES ARE
OUTSTANDING, AND

[III] CERTIFICATE FROM STATUTORY

AUDITORS OF THE COMPANY THAT NO
SUCH DUES ARE PENDING
7. EQUITABLE S
NO
DOCUMENT NAME
PARTIES
OF PARTICULA
RS OF THE
MORTGAGE . REGD NO PROPERTY
1. AND DATE COVERED
DETAILS. UNDER THE
DOCUMENT
S
Doc No. Sh. Entire
1794, dated Rajinder Built-Up
01.05.1957, Kumar Plot No.
Doc No. Jindal, 30, Block
3979, Smt. D-1, area
dated Neenu measuring
16.05.1959 Jindal, 911 sq.
, Doc No. Smt. Alka yards,
7037, Jindal, model
dated Smt. town,
24.07.1964 Sushma Phase-II,
,Doc No. Jindal, Delhi –
2004, Smt. 110009
dated Poonam
11.05.1987 Jindal &
,Doc No. Smt.
2005, Shelly
dated Aggarwal
11.05.1987
,Doc No.
2006,
dated
11.05.1987
,Doc No.
2008,
dated
11.05.1987
,Doc No.
2171,
dated
19.05.1987
,Doc No.
2204,
dated
21.05.1987
 ,Doc No.
20261,
dated10.10
.2002, Doc
No.
20262, ,dat
ed
10.10.2002
,Doc No.
20263,
dated
10.10.2002
, Doc No.
13559,
dated
22.11.2008
8. IF DETAILS OF THE INSTRUMENT
REGISTERED N/A
MORTGAGE
9. REGISTRATIO WITH ROC WITH CERSAI
N OF CHARGE
Yes Yes

Non Encumbrance Certificate obtained

10. NIL from concerned S R office and in this
regard, a Report is submitted
ENCUMBRAN
CE
CERTIFICATE

CHECK LIST-ACCOUNT

Whether Title Report obtained is unconditional and yes

giving a clear, marketable and absolute title over
the property
Whether the flow of the title is complete yes
Whether all the documents in original as mentioned yes
in the title opinion for creation of EM are obtained
and held on record
Whether certified copies of the title deeds and link yes
documents as required are obtained
Whether the advocate while doing the LSR yes
confirmed verification of originals for giving title
opinion
Whether the advocate while doing the LSR yes
confirmed comparison with certified copies of the
original documents as required
Whether proper stamp duty has been paid in respect of N/A
mortgage / Equitable Mortgage
Whether the requirement of registration of mortgage N/A
with Sub-Registrar or any other authority, as applicable
has been duly completed
Whether the property particulars in title opinion, EC, yes
Title deed and valuation report, approved plan tally
In case of property standing in the name of a company, No.
Whether the mortgage by the company is in accordance
with the provisions of the Section 185 and 186 of the
Companies Act 2013
Whether Title opinion reveals involvement of any Gift No.
Deed, POA and other circumstances requiring special
treatment. If so, whether such cases have been dealt
with property.
Any other points of relevance No.

TITLE DEED
Whether EM created is in order yes
Whether Title opinion reveals any pending or N/A
concluded litigation. Whether such litigation
has been satisfactorily explained/got examined
If the title deeds are in a vernacular language, N/A
brief particulars of the title deeds in English
signed by the Bank's Advocates/ Solicitors may
also be obtained
Any other points of relevance No.

CONSORTIUM DOCUMENTS

Whether copies of consortium documents, title N/A

deeds, link documents, advocates legal opinion,
valuation report or confirmation from lead bank
on the same as regards holding of (Title deeds,
link documents, advocates legal opinion,
valuation report) creation and extension of
mortgage documents from the lead bank is
available with our limits in place
Whether paripassu charge letter has been N/A
exchanged/NOC is available
Whether charge has been filed with ROC within N/A
the stipulated period with correct description of
the properties
Whether our charge with ROC is subsisting N/A
(Branch has to furnish necessary documents in
this regard/latest report on our charge with
ROC obtained at the time of Legal audit

SCHEDULE A- CERTIFICATE ON VALIDITY OF DOCUMENTS

I Subodh Kumar Singh have conducted the legal audit with utmost diligence
and integrity. I declare that I have not acted as adviser to the
 borrower/guarantor/mortgagor or its associates in the past and have no conflict
of interest in conducting this audit.

After due perusal of the documents I declare that:-

As on date the documents are duly executed, adequately stamped and are
enforceable in the eyes of law.

Place : Delhi
Dated : 21.11.2023

SUBODH KUMAR SINGH

ADVOCATE
 SCHEDULE B- CERTIFICATE ON MORTGAGE DOCUMENTS
I / We have examined the Original Title Deed (s) of the following securities:-

Sr. Description of Schedule Name of the Mortgagor Remarks

No. property property
ENTIRE BUILT UP Sh. Rajinder Kumar
PROPERTY Jindal, Smt. Neenu
BEARING NO. D-1/30
(BLOCK D-1 AND
Jindal, Smt. Alka Jindal,
PLOT NO.30) I.E., 3 Smt. Sushma Jindal, Smt.
STOREY BUILDING Poonam Jindal & Smt.
WITH ALL ROOF/ Shelly Aggarwal
TERRACE RIGHTS,
BUILT ON LAND
AREA 761.70
SQUARE METER OR
911 SQ. YDS,
SITUATED IN THE
AREA OF VILLAGE
MAIKPUR
CHHAONI, COLONY
NOW KNOWN AS
MODEL TOWN-1
DELHI

offered as security by way of *Registered/ Equitable / English Mortgage (*please specify the
kind of mortgage) and that the Documents of Title available with the Bank are valid evidence of
right, title and Interest of the mortgagor and that the said Registered/ Equitable Mortgage
created, in favour of the Bank satisfies the legal and procedural requirements of creation of
Registered/ Equitable Mortgage.

There are no prior Mortgage/ Charges/ Encumbrances whatsoever, as could be seen from the
Encumbrance Certificate for the period from to 21.07.2023 to 21.11.2023 pertaining to the
Immovable Property/ (ies) covered by above said Title Deeds.

In case of second/subsequent charge in favour of the Bank, there are no other mortgages/charges
other than already stated in the Loan documents and agreed to by the Mortgagor and the Bank
(Delete, whichever is inapplicable).

I certify that security interest created in favour of the Bank is free from any deficiencies and can
be enforced.

I / We confirm having made a scrutiny of the records of Sub-Registrar/Registrar/ Land/ Revenue

Authorities and thorough audit of the documents/ records available with the Bank; I do not find
anything adverse which would prevent the Bank from enforcing the mortgage created in the
account.

I / We have verified and scrutinized all relevant records and register, etc. to prepare this NON-
ENCUMBRANCE report with full knowledge that any lapse or negligence on my part may
cause loss to the bank and I may be held liable / responsible for any such negligence or lapse on
my part or on the part of my agent in preparation and submission of this legal audit report.

Place : Delhi
Dated : 21.11.2023

SUBODH KUMAR SINGH

ADVOCATE
 CHECKLIST FOR LEGAL AUDITOR

S DETAILS
NO
1. Confirm that you have signed the Declaration of Fidelity N/A
and Secrecy as empanelled Legal Auditor with the Bank.
2. Ensure that the Audit Report and certificate are submitted yes
as per the Bank's latest prescribed format [LARF].
3. Ensure to conduct effective scrutiny of documents to yes
confirm sufficiency of documents vis -a-vis sanction
letter/sanction terms.
4. Ensure to obtain fresh encumbrance certificate from records yes
of the Sub-Registrar to ascertain that there is no adverse /
subsequent encumbrance / charge in respect of the mortgaged
property ‘(include receipt of search)
5. Confirm having completed all columns in LARF about yes
verification of Loan Documents/title documents without any
conditions.
6. Confirm having submitted certificates about Non encumbrance yes
of property and legal enforceability of documents / securities?

ANNEXURE C

DECLARATION OF FIDELITY AND SECRECY

(to be taken from the shortlisted LA- record kept at Audit Office RO)

I Subodh Kumar Singh do hereby declare that I will faithfully, truly and to the best of my skill and
ability execute and perform the duties required from the assignment of me as Legal Auditor of the
Central Bank of India.
I further declare that I will not communicate or allow to be communicated to any person not legally
entitled thereto any information relating to the affairs of the Central Bank of India or to the affairs
of any person having any dealing with the Central Bank of India; nor will l allow any such person
to inspect or have access to any books or documents belonging to and relating to the business of the
Central Bank of India or to the business of any person having any dealing with the Central Bank of
India and came to my notice or knowledge during the course or on account of my assignment as
above.

Place : Delhi
Dated : 21.11.2023

SUBODH KUMAR SINGH

ADVOCATE