company') of
Rs.30 lakhs. The bank further extended a cash credit facility to the
company. The company failed to meet its obligations under ... bank had failed to fulfil its obligations while making available the cash
credit facility and has not honoured its commitments in time to release
first instance", meaning of.
HEADNOTE:
The appellant bank allowed a cash credit facility
limited to Rs. 75,000/- to the principal debtor Harilal
Parmananddas ... cash
credit upto Rs. 75,000/-. He submitted proposal form Ext. 66
on September 10,1957, offering to give security for the cash
credit
Cooperative Bank (hereinafter referred to as the Bank) for grant of cash credit facility with a limit of Rs. 50,000/- in the year ... behalf of the Co-operative Society. According to the petitioners, the cash credit facility was utilised for the purpose of grant of loans
These documents relate request for three overdraft facilities and Open Cash Credit facilities, and include three separate promissory notes for amounts tallying with the limit ... suit is based. He has stated, that initially a Key shut Cash Credit facility was extended to the Firm, that, later, Open Cash Credit
overdraft facility and cash credit facility except for interest on such facility. Therefore, while making computation for reversal of CENVAT Credit attributable to exempted services ... bill discounting facility. The contention of the Appellant, on the other hand, is that interest received on the overdraft facility, cash credit facility as well
November 1973, the plaintiffs granted to the 1st defendant company a Cash Credit Facility in a sum of Rs 20 lakhs with interest thereon ... suit is for recovery of the amounts due under the said Cash Credit Facility against the 1st defendant as the Principal Debtor and against
Credit Agreement Letter dated 10.05.2011, the
defendant sanctioned a Term Loan of Rs.29,50,00,000/- and
Rs.50,00,000/- cash credit facility ... Cash Credit
Account of M/s.Rarefield Engineers Pvt. Ltd., after the adjustment of the
aforesaid amount and the said Cash Credit Facility was converted
Credit Agreement Letter dated 10.05.2011, the
defendant sanctioned a Term Loan of Rs.29,50,00,000/- and Rs.50,00,000/-
cash credit facility ... Cash Credit
Account of M/s.Rarefield Engineers Pvt. Ltd., after the adjustment of the
aforesaid amount and the said Cash Credit Facility was converted
Credit Agreement Letter dated 10.05.2011, the
defendant sanctioned a Term Loan of Rs.29,50,00,000/- and Rs.50,00,000/-
cash credit facility ... Cash Credit
Account of M/s.Rarefield Engineers Pvt. Ltd., after the adjustment of the
aforesaid amount and the said Cash Credit Facility was converted
branch opened Cash Credit A/c
No.1126 in the name of A1 and allowed the borrowers to utilize the Cash
Credit facilities from ... Cash Credit account to their companies account held at
various banks. By the above acts A3 & A4 had diverted the entire Cast
Credit facilities
