October, 2016, the defendant approached the plaintiff for one time
financial accommodation of Rs. 50,00,000/- for his business purpose.
Pursuant to the discussion ... lakhs to the defendant, as a short time
financial accommodation which shall carry interest at the rate of 15%
per annum and the defendant shall
October, 2016, the defendant approached the plaintiff for one time
financial accommodation of Rs. 35,00,000/- for his business purpose.
Pursuant to the discussion ... lakhs to the defendant, as a short time
financial accommodation which shall carry interest at the rate of 15%
per annum and the defendant shall
firm.
4. The defendants have approached the plaintiff for financial
accommodation of Rs. 74,00,000/- and have jointly assured the
plaintiff that they will ... that the defendants have refused and failed to repay
the various financial accommodations which the defendants had
obtained from various parties for the purpose
firm.
4. The defendants have approached the plaintiff for financial
accommodation of Rs. 20,00,000/- and have jointly assured the
plaintiff that they will ... that the defendants have refused and failed to repay
the various financial accommodations which the defendants had
4
obtained from various parties for the purpose
secured advances;
(c) the maximum amount of advances or other financial accommodation which, having regard to the paid up capital, reserves and deposits ... interest and other terms and conditions on which advances or other financial accommodation may be made or guarantees may be given.
(3) Every Banking Company
cannot be directed to lend any loan or
provide for any financial accommodation without having any
consent to do that. However, the parties ... liberty to
5
provide financial accommodation, financial help to the
Defendant no. 1/Petitioner; they are at liberty to reimburse
the medical costs or provide
cannot be directed to lend any loan or
provide for any financial accommodation without having any
consent to do that. However, the parties ... liberty to
5
provide financial accommodation, financial help to the
Defendant no. 1/Petitioner; they are at liberty to reimburse
the medical costs or provide
petitioner is engaged, inter
alia, in the business of providing financial accommodation. It is alleged that the
respondent was in dire need of funds ... approached the petitioner for financial
accommodation. Pursuant to negotiations, the petitioner advanced a sum of
Rs.3.35 crores to the respondent. The funds were
petitioner is engaged, inter
alia, in the business of providing financial accommodation. It is alleged that the
respondent was in dire need of funds ... approached the petitioner for financial
accommodation. Pursuant to negotiations, the petitioner advanced a sum of
Rs.65 lakhs to the respondent. The funds were transferred
Kamal - XXIII and M.V. Kamal - XXIV. Plaintiff extended
financial accommodation for purchase, by its borrower, the two barges, second
hand. Borrower paid three ... agreement dated 3rd July, 2012 between itself and customer who
obtained financial accommodation to purchase, as aforesaid, two second hand
barges. The customer is named
