Query regards schedule vi

It would be classified as an Loan only.  The tenure of loan is normally minimum of 3 years, so it cannot be classifed as an current liability.

Could you please put your question in more detail.  What are you trying to ask from an  installment & rest of the installments.

That means if a loan of Rs 10 crore is payable in 5 instalments,, of Rs. 2 crore each starting after 1st year and and if on  balance sheet date 1st instalment is due after 6 months from balance sheet date (i.e. if balance sheet date is 31-03-12 and 1st instalment is due on 30-6-12 ) then would it be shown as current liabilty or NCL ?

It will be a NCL, as the due date of the installment would not alter the nature of the loan i.e. it would not become a CL isntead of an NCL.