devil nexim loan will be approved when alembic and xkem pr bout the extension and pandeys collateral, nexim or any financial institution is not giving a loan for working capital or anything until they know xkem is not in default and there money gets flushed down the toilet, u will know when nexim loan is done because it will automaticaley be pr'ed on nexim indias website, they pr every dollar that goes out minutes ater the deal is done, the last thing they want is there money to be used to pay off another loan and xechem be back in the same strapped financial position, if this happened they would have to wait for some other sucker financial institution to come along and lend xkem money to pay off there loan and this process would go on and on and on, pandey securing xkem with his real estate as collateral is much better news because it shows confidence from the ceo that he beleives in xkem and beleives that they will be ale to pay off alembic with revenues from nicosan, like any healthy financially sound company would do business