Constitution of India
India
Constitution of India
CONTITUENTASSEMBLY 00 of 1950
Published in Gazette 00
said condition the accused persons approached the
Bank for sanction of loan. In the application to the Bank, the accused
persons concealed the fact relating ... outstanding than the actual.
4. As further alleged, the amount of loan sought was sanctioned on
24.01.2003 by one Mr. K.K. Aggarwal, General Manager
business as financiers and
investors and in its business the firm accepted loans or
deposits from the general public for different periods
repayable with interest ... annum lo its members, later
reduced to 36% though the loan certificate receipts showed
the rate of interest to be 11% only. The amount
unknown persons for defrauding
the bank by sanctioning and disbursement of housing loans to 22 borrowers
in violation of the Bank’s rules and guidelines ... conducted the pre-sanction
inspection in respect of 22 housing loans and A-1 sanctioned the same.
(b) After completion of the investigation
government enterprise engaged in renewable energy. The respondent agreed to
advance a loan for setting up a power project and the agreement envisaged that
post ... dated cheques towards payment of installments of the loans would be given
by way of security. The cheques having been dishonored, complaints were
instituted under
companies for the purpose other than what had been stated in the loan
application. On the basis of the said information, a First Information Report ... equipments were not used for the purpose
stated in the application for loan, instead the bank loan was
diverted by the above Executive Directors
wrongful loss to the said Bank in the
matter of term/demand loans, in favour of M/s. Tag Reachers (P) Ltd. It
was further ... that in furtherance of said criminal
conspiracy, term/demand loans amounting to Rs.1,94,50 lakhs were
fraudulently and dishonestly sanctioned to the said
collusion with certain staff members
got necessary documents signed and arranged loans in the
name of poor illiterate villagers under the Integrated Rural
Development Program ... misappropriated the proceeds of
such loans. The allegations are:-
"a) On 20.06.1979 he obtained loan
application and other documents from
they conspired with each other in the matter of sanctioning
and disbursing loans of Rs.5,000/- each under Crop Loan ... Kolluri Seetha are
husband and wife. They purported to have applied for loan which was
sanctioned on the same day. The loan granted to both
wife of Lt. P.D. Galgotia, one of Guarantors in respect of loan agreements and also Treasurer of Management Committee of the Society.
6. Criminal ... purpose of establishing University and creating its infrastructure, the Society obtained several loans from M/s S.E. Investment Ltd. (hereinafter referred
