Unlisted shares of Tata Tele Services (Indian Company) was taken as
primary security. As collateral security, pari-passu charge of third party ... were taken as primary security. For subservient charge, M/s Win Wind
Power Energy Pvt Ltd, a subsidiary Company of M/s.WWO in India
brought by the agent and the dealers firm
without adequate primary security and by accepting fake and fabricated
documents. Thereby, they caused a wrongful loss ... supplied. Shri V. Kannan has not ensured the creation of
Primary security for the advance financed to the borrower. The power tiller was
also
have been used as Accommodation Bills. Title Deeds as primary security was available only to the tune of Rs.20 lakhs as against credit limit ... Inland LC facility for Rs.100 lakhs. Apart from offering some primary security of stocks as well as Book Debts of the firm, three items
brought by the
agent and the dealers firm without adequate primary security and by
accepting fake and fabricated documents. Thereby they caused a wrongful
loss ... loan was sanctioned based on the hypothecation of the tractor
as primary security and the land document was only a collateral security.
29. The learned
brought by the agent and the dealers firm
without adequate primary security and by accepting fake and fabricated
documents. Thereby, they caused a wrongful loss ... document and without inspection and without
securing the power tiller as primary security, sanctioned loans to them. He
further allowed
adequate security both the stock in trade and
immovable property. The primary security is the stock in trade. As collateral
security, immovable property of third
Promoter Directors have removed the stock in trade given as primary security for the loan and absconded. Later, during the investigation, it was found that
given as collateral security, the goods in trade were given
as primary security. The 4th accused is the person, who stood guarantee for the
loan
work order has to be verified by the Branch Manager and primary security of the stocks has to be verified and the Bank Manager should
brought by the agent and the dealers
firm without adequate primary security and by accepting fake and fabricated
documents. Thereby they caused a wrongful loss ... very grave omission. The vehicle for which loan
sanctioned is the primary security for the Bank and by omitting to record the
identity
