basis of the mandates given to them. The account
holder / customer is also entitled to withdraw the mandate /
ECS Debit instructions from its banker without ... monitor the ECS debits being received
through the clearing house."
15. Thus, in terms of the aforesaid guidelines, the ECS mandate is
required
Synthetics has neither initiated ECS
from an account maintained by it nor is the signatory of
ECS mandate and is merely a co-borrower; that ... Synthetics has neither initiated ECS
from an account maintained by it nor is the signatory of
ECS mandate and is merely a co-borrower; that
basis of the mandates given to them.
The account holder / customer is also entitled to
withdraw the mandate / ECS Debit instructions from its
banker without ... monitor
the ECS debits being received through the clearing
house."
26. Thus, in terms of the aforesaid guidelines, the
ECS mandate is required
execution of cheque/ECS mandate is admitted; Section 139 of the NI Act
mandates a presumption that the cheque/ECS was for the discharge ... payment of EMIs
through ECS mode is also not in dispute. The Accused had admitted that the ECS mandate
was effective for 36 months
stated that accused has authorised the complainant
by signing an ECS mandate form to debit his account for the repayment of the alleged
loan ... ECS form and also
from his specific account of the other bank through which the ECS has to be deducted and
the ECS mandate form
replica of complaint averments. PW1 has
produced the alleged ExP2 ECS Mandate, which was
issued by the accused towards loan instalment due
amount ... true that, once the accused admitted he has
issued ECS Mandate, it relates to the accused is proved an
initial presumption as contemplated
that
accused no.2 on behalf of accused no.1 issued ECS mandate and accordingly issued
standing instruction to its banker namely Punjab National Bank ... Hence, once the accused admitted he has issued ECS Mandate, it relates to
the accused is proved an initial presumption as contemplated
accused
no.2 on behalf of accused no.1 opted for ECS mandate and accordingly issued standing
instruction to its banker namely Punjab National Bank ... Hence, once the accused admitted he has issued ECS Mandate, it relates to
CC No. 620697/2016 Intec Capital Ltd. Vs RBM Developers Page
Towards
repayment of the installment amount, the accused had
opted for ECS mandate and accordingly issued standing
instruction to his banker - Karnataka Bank ... contents
of Ex.P2 i.e ECS return memo reveal that the accused had
issued ECS mandate to his banker - Karnataka Bank
ECS of PMO. On receipt of Salary Bill
Floppy/CD for ECS from PMO, the same is
forwarded by Punjab National Bank to ECS
Department ... that the process of the ECS was that on receipt of a floppy
from the PMO alongwith the mandate was forwarded to RBI through
Regional
