Rationale

 ICRA has withdrawn the rating assigned to the bank facilities of Coldman Logistics Private Limited (CLPL), at the request of the company and based on the No Dues Certificate received from its lender, in accordance with ICRA’s policy on withdrawal of ratings. The unallocated limits have not been utilized and the confirmation has been received from the company. ICRA does not have information to suggest that the credit risk has changed since the time the rating was last reviewed.