Cgtmse loan default

First see, limits are assessed taking certain parameters and projections. But the actual circumstances may differ which results in these kind of situations. The only thing to be kept in mind is that you should be fair in your dealing with the bank and make the bank understand your actual problems being faced by you. And everthing shall be sorted out tactfully.

I think that Mr.Goutham Mittal has rightly advised you. Please follow the same in letter and spirit. Do not supress any material facts which may amount to suggestion of falsehood (suppressio veri suggestio falsi) and the relationship with the banker must be maintained in good spirits