Query in classification of term loan in revised schedule vi

My query is in respect of classification of term loan

If a company has taken a loan from bank of Rs 4.75 Crore Repayable in monthly installment of Rs 465550 /- and the whole amount is repayable in seven years .currently outstanding balance is 3.94 crore

The amount which is repayable in 12 month from reporting date 465550*12 is classified as other current liability and the balance part is classified in long term liability

Or

this whole amount should be classified in long term loan

What should be correct treatment as per new revised schedule VI?