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Defendant No.1 is having a current account   no. 3168020000089   with   the   plaintiff   Bank   since   September, 2008.   That   pursuant   to   a   meeting   dated   26.11.2014   of Board   of   Directors   of   the   Defendant   No.1,   it   was CS-2133/16 Bank of Baroda vs Shiv Vansh Homz Private Ltd & Ors Page no. 3 of 11 unanimously   resolved   by   the   Board   to   request   to   the Plaintiff Bank for a Temporary Overdraft (TOD) facility of Rs. 4,25,000/­ (Rupees Four Lac Twenty Five Thousand Only) for a   period   of   14   days   in   its   current   account   no. 31680200000089.  In terms of said resolution Defendant No.2 being   one   of   the   Directors   of   the   Defendant   No.1 company   was   authorized   to   sign   and   submit   all   the necessary   documents   pertaining   to   the   aforesaid   TOD facility to the plaintiff Bank. 

Plaintiff Bank further stated that as per statement of   account   of   Temporary   Overdraft   Loan   Account   no. 31680600000089   maintained   in   the   normal   and   usual course   of   business   a   total   outstanding   amount   of   Rs. 5,90,258/­ ( Rupees Five Lac Ninety Thousand Two Hundred CS-2133/16 Bank of Baroda vs Shiv Vansh Homz Private Ltd & Ors Page no. 6 of 11 Fifty Eight Only) [Rs. 4,25,000/­ (Rupees Four Lac Twenty Five Thousand   Only)   being   the   principal   amount   plus   Rs. 1,46,523/­   (Rupees   One   Lac   Forty   Six   Thousand   Five Hundred   Twenty   Three   Only)   being   the   interest   accrued plus   Rs.   18,735/­   (Rupees   Eighteen   Thousand     Seven Hundred Thirty Five Only) being the TOD interest and penal interest],  is due  from  Defendants  as on 01.06.2016,  which they   are   liable   to   pay   to   the   plaintiff   Bank,   jointly   and severally.

31680200000089 with certificate under Bankers Book Evidence Act as Ex PW 1/9 (colly) Thereafter, plaintiff closed its evidence and the matter was fixed for arguments.

4.  This   Court   has   heard   the   arguments   of   ld. Counsel for plaintiff and perused the material available on record.

5. Record shows that Defendant No.1 is having a current account no. 3168020000089 with the plaintiff Bank since   September,   2008   and   in     pursuant   to   a   meeting dated 26.11.2014 (Ex. PW 1/3) of Board of Directors of the Defendant No.1, it was unanimously resolved by the Board to request to the Plaintiff Bank for a Temporary Overdraft (TOD) facility of Rs. 4,25,000/­ (Rupees Four Lac Twenty Five Thousand   Only)   for   a   period   of   14   days   in   its   current account no. 31680200000089. Defendant No.2 being one of   the   Directors   of   the   Defendant   No.1   company   was authorized to sign and submit all the necessary documents pertaining to the aforesaid TOD facility to the plaintiff Bank.