defendant approached
the plaintiff-Bank for grant of Temporary Overdraft facility in a
sum of Rs.2,00,000/- with an undertaking to repay ... defendant with the plaintiff-bank agreed to
serve the temporary overdraft facility and granted the overdraft
limit to the extent
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
amount were credited to
different parties accounts to offset the unauthorised temporary
Demand Overdraft allowed earlier. The transactions were done in
September 2002. The result ... case in hand, there was no instrument
submitted. Even the temporary overdraft granted to the parties was not
reported to the head office. After
witness of the Management Explained the
term "TOD" as Temporary Overdraft".
14. Once the deceased employee had obtained loan from the
employer ... Housing Loan and/or Temporary overdraft and
was having liabilities of Cooperative Society and Credit Card
Account, the same was recoverable from the terminal benefits
transported. Another accusation against Petitioner is in respect of allowing
temporary overdraft of Rs. 3.58 crores in the guise of bill discounting on 22
December ... that the limit of sanctioning Overdraft
facility (of Rs. 75 Lakh) is erroneously mixed up with the temporary over
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kept as temporary deposits with Nationalized
Banks. It is pertinent to note here that Assessee Society
has even taken temporary overdraft on various
instances against
cope up with immediate financial requirements the Complainant requested for a temporary overdraft of Rs. 30,00,000/- against which the Bank sanctioned only ... temporary overdraft facility to be repaid within 30 days on an interest @ 10%. The Complainant after procurement of the material was in the process
Lakhs was recommended as ABC and Rs.25
Lakhs as temporary overdraft (OD). Title deed of plot
bearing no. 362/ 5, area
suppliers for purchasing thread, spare
parts etc . Plaintiff bank allowed temporary overdraft of Rs.
20,000/- for five days repayable
