approached him in August, 1973, and orally sought a temporary overdraft facility which the said Sathe agreed to sanction as it was for a temporary ... Sathe was as to whether he was authorised to give a temporary overdraft facility and Sathe asserted that he was so authorised to give such
month, in the beginning of the following month, the statements of temporary overdraft facilities, granted to the individual parties.
(d) On or about November ... Central Office belatedly received the statements of temporary overdraft facilities and it revealed that on August 25, 1978 the Branch Manager, respondent No. 2 herein
principal
debtor/respondents No.1 to 3 had applied for a temporary
overdraft facility. Respondents No.4 and 5 were the guarantors for
respondent ... 3375 of 1995 referred to the documentation of temporary
overdraft and argued that it was a continuing surety. Therefore,
merely extending the time to repay
principal
debtor/respondents No.1 to 3 had applied for a temporary
overdraft facility. Respondents No.4 and 5 were the guarantors for
respondent ... 3375 of 1995 referred to the documentation of temporary
overdraft and argued that it was a continuing surety. Therefore,
merely extending the time to repay
Whether the plaintiffs prove that the Letter of Credit facility and Temporary Overdraft facility were opened on request of the defendants?
2. Whether the plaintiffs ... payable by the defendants under the temporary overdraft facility?
5. Whether the defendants prove that it was the obligation of the plaintiffs to pay custom
find it necessary as a measure of convenience to obtain a temporary overdraft, or resort to a temporary borrowing which he proceeds to make good ... remittance of profits, and is taxable as such. The loan or the overdraft, as the case may be, and its repayment by the assessee
loans, (ii) irregularity in disbursements of cash credit and temporary overdraft facilities and (iii) insubordination. The said chargesheet was accompanied by an elaborate annexure
Minutes of Board of
Directors meetings, it is noted that, temporary adhoc
overdraft limits were being sanctioned by executives of
PMC Bank to customers ... Board of
Directors. The minutes of the meeting indicate that temporary
overdraft limit were sanctioned by executives of PMC bank to
customers.
22. The Managing
Minutes of Board of
Directors meetings, it is noted that, temporary adhoc
overdraft limits were being sanctioned by executives of
PMC Bank to customers ... Board of
Directors. The minutes of the meeting indicate that temporary
overdraft limit were sanctioned by executives of PMC bank to
customers.
22. The Managing
Minutes of Board of
Directors meetings, it is noted that, temporary adhoc
overdraft limits were being sanctioned by executives of
PMC Bank to customers ... Board of
Directors. The minutes of the meeting indicate that temporary
overdraft limit were sanctioned by executives of PMC bank to
customers.
22. The Managing
