guarantees and pledges executed towards bank loans totaling around rs 100 crorebut as discussions prolonged peepul changed the terms of agreement citing the companys deteriorating financials this infuriated maiya who has carried his pedigree with pride in an evolving agreement there are several back and forth until there is a practical outcome for every stakeholder unfortunately it has been a deadlock in this case a second source mentioned above added meanwhile the directors nominated by peepul capital resigned from the board of the company citing personal security reasons a few intermediaries are currently attempting to broker a deal to resurrect a bleeding but promising business besides arguing a safe exit for one of the countrys pioneering food entrepreneurs