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Showing contexts for: temporary overdraft in Union Bank Of India vs . Hallex Applied Power Pvt. Ltd. on 25 July, 2012Matching Fragments
3. It is the case of the plaintiff that the defendant company maintains current account No. 349401010928817 and on request and application of the defendant company the plaintiff bank sanctioned temporary overdraft facility for an amount of Rs. 3,34,863/ on 29.05.2010 in the aforesaid current account, which has been so depicted in the statement of account of the defendant company maintained by the plaintiff bank.
10.As per the averments made in the plaint, the conduct of the defendant is clearly reflected in the statement of account of the defendant maintained by the plaintiff bank and same establishes that the aforesaid temporary overdraft facility of Rs.3,34,863/ was availed by the defendant from the plaintiff bank. Since the same was without any security the present rate of interest with monthly rests is applicable thereupon which the defendant is liable to pay to the plaintiff bank. It is settled that as and when any of the customer or consumer avail the temporary financial facility at any point of time, the same is repayable along with interest applicable thereupon as per the norms / rules and regulations of the plaintiff bank.
11. In the facts and circumstances, the plaintiff bank has satisfactorily established that the defendant was sanctioned temporary overdraft facility for an amount of Rs. 3,34,863/. As per the statement of account Rs.2,49,078/ is outstanding and payable as on 31.01.2012. The statement of defendant duly certified under the Banker's Books of Evidence Act has been Union Bank of India Vs. Hallex Applied Power Pvt. Ltd.