income on the monies kept with the bank by way of margin money for taking foreign Letter of Credit by the Assessee to the tune ... been earned from the bank deposits made for the purpose of margin money and accordingly, the appeal was allowed. Aggrieved by the same, the present
with Dharmendra Bafna (A2) who is a first respondent to pay margin money and he paid the margin money. This version of the de-facto ... lakhs with the company/trader towards margin money on 05.10.2005. The de-facto complainant continued to place purchase orders after 10 days the defacto complainant
purchase lots of gold or silver bullion on
payment of margin money. As and when margin money was required ... Kishan Lal remitted a total sum of
Rs. 4.65 crore towards margin money up to 17.11.2005.
4. After providing details of sell orders issued
purchase lots of gold or silver bullion on
payment of margin money. As and when margin money was required ... Kishan Lal remitted a total sum of
Rs. 4.65 crore towards margin money up to 17.11.2005.
4. After providing details of sell orders issued
Vijayan @ Vijyakumar
by misusing the power tiller loan money as margin money for the tractor loans.
The tractors so purchased from ... tiller loan obtained from Union Bank of India,
Tiruvannamalai branch as margin money. The tractor was delivered by M/s Sri
Ramajayam Tractors with
borrower and that the cheques/ pay orders that were issued towards margin
money were all cancelled subsequently. It is also further alleged that the
supplier ... without encashing the cheques towards the margin money, issued
receipts of having received the amounts covered by the said cheques/ pay
orders. There are also
Mandamus, directing the respondents 1 to 3
to release the Margin Money of Rs.30,00,00,000/- (Rupees Thirty
Crores) lying with ... mandamus, directing the
respondents 1 to 3 to release the Margin Money of Rs.30,00,00,000/-
(Rupees Thirty Crores) lying with
borrowed further sum of Rs.9,900/- towards 10% of the Marginal Money. The defendant was supposed to repay the Marginal Money loan with ... defaulted in payment of the loans. The last payment towards the Marginal Money loan was Rs.2,000/- on 21.07.1988.
3.The suit for recovery
paid by the constituents and the same was called "margin money in deposit". On receipt of the said margin money, the banks purchased ... margin amount also, there is nothing unnatural or illegal in the bank taking into account this margin amount which had become its money at that
parties. However, when he was called upon to keep up the margin money, the first respondent took the stand that the petitioner was trading without ... 18th May 2006 to inform the first respondent about the margin money available and called upon the first respondent to make the payment. Since
