Originally posted by: A_Star39
i think tulsi utilised some of her assets,she couldnt sell amba kutir as far as i know
Its a partnership between Ajay and Tulsi to acquire virani industries
Episode was good and i liked tulsi's industrialist era starting
She’s used amount from that advance and the payment from the previous order of the 1000 sarees for sure and put it down as an investment for facilities and infrastructure requirements for Bandhej. That took care of some of the amount, Ajay pulled in what he could… but given that the auction started off at 150 crores tells me that it was the minimum amount that the bank wanted to recover from the loan.
Any bank provides only 60-80% of the valuation of your mortgaged property as a loan and not 100%. So even if we take this at the minimum value aka 60 percent, the factory with all its equipment and the physical infrastructure was valued at 250 crores. Based on which the Viranis took a loan of 150 crores, hence the starting amount.
Now, even if Tulsi made say 5 crores or so from those 1000 sarees order, Bandhej as a co-op has some balance in their bank account as well, let’s be generous and say it’s 1-2 crores. The advance for those 10 lakh sarees was say 5 crores as well. That means Tulsi can reliably have 10-12 crores that she can use. Ajay chipped in too… but can even he raise 150 crores?
Ran accurately stated that the bank gives time if 25 percent of the winning amount is paid off within a certain amount of time right after the auction and then the rest can be paid off in due time… and 25 percent of 150 crores is 37.5 crores. Ran got a decent amount likely close to 40-50 crores as alimony from the Viranis though he just ruined their daughter and abused her because law is strange like that. We can see how he had the money to chip in the initial investment and maybe he was also relying on getting Tulsi’s order for the rest and is unaware yet of what happened.
But the implication of the person who walked up to the auctioneer yesterday was that the loan amount was paid in full, at least that’s the impression I got. Let’s see if they reveal it to be something else tonight. Tulsi still can’t have all that extra money lying around and I don’t think Ajay can chip in beyond a certain amount too. A small co-op can’t get a loan that big, not to my knowledge at least but let’s see if that’s what they’re going with.
Smriti was the textiles minister, so maybe there’s something there in the laws that we don’t know but she would and that’s incorporated into the show. We will know.
If nothing else then she’s done one simple thing - called Karan. He managed to transfer the money from US that she needed.
But this is still only one debt settled or closed off. We know Baapji has provided a loan against Shanti Niketan too. That’s a different situation and the amount for that hasn’t been disclosed yet either. So let’s say that SN has been mortgaged for 50 crores or so…with that 3 months timeline as decided in Surat.
In another 2 months or so they need to raise that money to pay him off while Saloni and Dev also get married. Might be crazy but Baapji may just not take the money and return the papers to the Viranis as it is if the marriage goes through, regardless of who it happens with - Dev or Parth - as a gift to the in-laws of his granddaughter. We never know. Tulsi and Mihir might insist on paying him back their just dues but given he’s old fashioned, he might not want to take any money from a family where a daughter of his family has been married. Let’s see.
...tulsi stopped the auction process and @ekpaheli mentioned, the auction process seemed pretty decent (including the logistics)..
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