CC Balance whether current or non current

Ca Namrata (Chartered Accountant) (23 Points)

02 February 2011  

Hi CA Amit Daga,

I have a query for you 

whether  under ifrs cash credit balance will be current or non current liability, presuming that it is 3 years old account and the cc balance  (drawal from bank) has remained more than Rs. 50 lakhs though last two years.