issued by the 1 respondent bank with respect to
the Temporary Overdraft reveals that the said
temporary overdraft has been sanctioned by the
1st respondent ... prayer made in the OA in the background of the
Temporary Overdraft facility given as per the
Sanction Ticket dated 1.9.1997, marked
wherein, it was claimed that the overdraft that was sanctioned was a specific overdraft and not a temporary overdraft for a particular limit. The Bank ... would itself show that the overdraft sanctioned was only a specific overdraft and not a general overdraft.
27. Mr.K.S.V.Prasad, learned counsel
Similarly, Charge No. IV was with reference to grant of temporary overdrafts to a particular constituent, whose accounts had already been irregular. That was also ... Charge I(i) is to the effect that the petitioner sanctioned temporary overdrafts indiscriminately between July 9, 1976 to October 26, 1977 totalling
from Sri K. Panju. After this, he had granted temporary overdrafts totalling Rs. 21,586 of 1998 to the firm Coastal Line Company, in which ... reported.
Finding: Exceeded the limit.
(7) Charge : Grant of a temporary overdraft in the current account of Smt. Victoria Krishnaraj who had a total
lacs
Foreign Bills Discounting Limit : Rs.111.67 lacs
Current Account Temporary Overdraft: Rs.4.06 lacs.
It is the case of the respondent-bank ... lacs
Foreign Bills Discounting Limit : Rs.60.08 lacs
Current Account Temporary Overdraft: Rs.7.71 lacs.
It is specifically stated that overdue
mere existence of an overdraft, cannot save foreign income from liability to taxation, as money paid out of the overdraft and remitted to this country ... 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
proceed
against him departmentally under Major Penalty proceedings for the irregular
Temporary Overdrafts and advances given by him at Mandaveli Branch. As the
irregularities committed
overdraft facility of Rs. 4.70 Crores on 27.10.2016; and a
temporary overdraft of Rs. 1.00 Crore on 31.03.2017, totaling Rs. 13.65
Crores. The loan account
overdraft facility of Rs. 4.70 Crores on 27.10.2016; and a temporary
overdraft of Rs. 1.00 Crore on 31.03.2017, totaling Rs. 13.65 Crores. The loan
account
together to cheat the Indian Bank, opened the current account and obtained
overdraft credit facilities and fraudulently and dishonestly tendered the
cheques of Canara Bank ... They took the plea that they are entitled to avail the
temporary overdraft and hence, the said transactions are bona fide. In the
said circumstances
