Form 8

A pvt. company got a consortium finance with two Banks. They filed Form 8 with the ROC and starts availing facilty with one of the Bank. The date of availment of finance with the second Bank expires and co. did nothinhg. Now the first Bank objects for the clearance of amount and asks to get the renewal of limit from the second Bank . Now the question is do the Form 8 need modification as the second Bank is getting the deed execution a fresh. Experts opinion solicited.