Security deposit for Electric Company Sample Clauses

Security deposit for Electric Company. Due to inflation, cost of input for generation of electricity and the increase in government duty and cost of overhead, ultimately increases electricity charges. All electric supply companies are taking security deposit approximately equivalent to three months consumption. Impact of this deposit is very much felt by heavy power consumers like foundaries, heavy engineering industry, continuous process industry etc., etc. In one typical case an industry has succeeded in offering mortgage of fixed assets by creating a second charge on it, as an alternative to security deposit. In fact second charge was created as assets were already mortgaged to the bank and liability of the bank was less than actual market value of assets. INDUSTRIALIST
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Related to Security deposit for Electric Company

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