sequence of events: biometrix marketing's fdi in four mukesh amabni owned indian companies
DESCRIPTION
Biometrix Marketing Private Limited, Singapore, availed a loan from ICICI Bank, Singapore (and Axis Bank, Singapore), of over US$ 1.6 Billion to make Investments under FDI policy of Government of India in four Mukesh Ambani owned companies, namely, Reliance Gas Transportation Infrastructure Limited (RGTIL), Relogistics Infrastructure Private Limited (RIPL), Reliance Utilities Limited (RUL), and Reliance Port and Terminals limited (RPTL). This document explores the Precedence relationship between different dates such as dates of Instruments of Charge (underlying collateral for loan), date of Disbursal of loan, date of FDI out of loan availed in CCPS of above 4 companies, date of allotment of CCPS, and date of Options Agreement between Biometrix (PUT) and Ekansha Enterprises Private Limited (CALL), yet another Ambani company. It aims to establish if Financial, Legal, and Common Sense logic holds good in these precedence relationship between different dates or it is violated.TRANSCRIPT
