norms in the year 2018-19 and had also allowed various
temporary overdrafts in current accounts beyond his delegated authority. Being influenced by
one Dona ... utter violation of the guidelines. After opening the said accounts, temporary overdrafts
amounting to Rs.3.10 crore was allowed on 19.01.2019, by said Dona
that time. He remained posted there till
28.05.1997. He permitted temporary overdrafts (TODs) in the said account
beyond his delegated powers and such TODs were ... terms of criminal conspiracy, accommodation cheques were
purchased indiscriminately and temporary overdraft facility had been granted
much beyond the discretionary powers. As per the banking
sanctioned Cash Credit (miscellaneous), secured loan
and had extended temporary overdraft in gross violation
of procedures prescribed for the same, thereby causing
loss ... operating the said account.
(c) Accused No.1 had extended temporary
overdraft (hereinafter referred
proprietor of M/s. Vee Kay
Pictures and availed temporary overdraft facility from UCO Bank,
chandni chowk branch, Delhi, from time to time ... which was never effected
upon him. Accused claimed that he had temporary overdraft
facility from the bank and this fact was concealed
proved that they had purchased cheques in arbitrary manner and
permitted temporary overdrafts on number of occasions.
5.1 She has also contended that there ... Purchasing cheques beyond discretionary powers/purchasing local
cheques and granting temporary overdraft are inherent in banking
transactions and these did per se amount
also alleged that
the Accused No. 1 permitted several temporary Overdrafts for substantial
2
amounts in different Current Accounts in excess of his powers
Letter of Credit (LC);
(2) Open Cash Credit (OCC)
(3) Secured- Temporary Overdrafts (SOD/TOO)
(4) Bank Guarantee (BG)
(5) Blocked Loan; and
(6) Taking
borrower leading to internal investigation and criminal prosecution. The Temporary overdraft sanctioned by the appellant to Sri Murugan Builders was repaid ... this account. After this, on 08.02.1999, Vinayaga Selvam has applied for temporary overdraft of Rs.4 lakhs for a period of Rs.1 lakh
Bank had
assured defendant nos.1 and 2 to grant temporary overdraft
facility and the banker would make payment to the supplier's
banker ... obtained the signatures of
defendant no.2 on the documents for temporary overdraft
facility, defendant no.4 failed and neglected to honour its
obligation
Haji Khan and
company was considered as temporary overdraft and accused
No.1 was called upon to repay the amount. He agreed to
repay this
