fraudulently granted loan to accused Nos.2 to 4 and
availed financial accommodation of Rs.175.74 lakhs and
misappropriated the same. Thereby, they have
case of the
plaintiff that the defendants approached the plaintiff for financial
accommodation of Rs. 20,00,000/- as the defendants represented that
the defendants ... defendants
agreed that from time to time at the end of each financial year, the
defendants will issue a statement of confirmation of accounts
inquiry and
Inquiry Officer reported that the petitioner/accused had
provided financial accommodation to the customers. The
customer agreed to provide him with funds which ... against the petitioner to get
him involved in a false case of financial impropriety. The
petitioner had carried out the transactions through different
banks
case of the
plaintiff that the defendants approached the plaintiff for financial
accommodation of Rs. 74,00,000/- as the defendants represented that
the defendants ... defendants
agreed that from time to time at the end of each financial year, the
defendants will issue a statement of confirmation of accounts
respondent - Bank, the Company
had availed financial accommodation under loan
agreement to the tune of Rs.36,24,000/. On the date of
filing
said amount was not paid towards rent but on account of
financial accommodation.
9. The defendant claimed that it had paid the rent
acknowledged that verbal assurance was made for
repayment of the financial assistance.
15. We also consider it relevant to refer the following extracts ... offered to
13
financially assist our client by way of a financial
accommodation into the business of our clients.
That our clients have a very
acknowledged that verbal assurance was made for
repayment of the financial assistance.
15. We also consider it relevant to refer the following extracts ... offered to
13
financially assist our client by way of a financial
accommodation into the business of our clients.
That our clients have a very
suit schedule 'A'
property and being in need of financial accommodation by way
of loan, were introduced to defendant
example, NCTE is required to satisfy itself
about the adequate financial resources, accommodation, library,
qualified staff, and laboratory required for proper functioning of
an institution ... affiliation on the ground that
the institution does not have adequate financial resources,
accommodation, library, qualified staff, or laboratory required
for proper functioning