course of its business, KAL approached United Bank of
India for temporary overdraft for such purpose. United Bank of India
allowed temporary overdraft ... utilized the same. This
temporary overdraft facility was over and above the exposure of United
Bank of India had on account
Biswas is that subsequently the defendant asked and was granted a temporary overdraft on this account. The account, therefore. was both a current deposit account
granting
7
TODs. He submits that the plaintiff has granted temporary overdrafts after
fulfilling the conditions of relevant circular. Mr. Ghosh submits that nature
export of machinery by the company and asked for a temporary overdraft of 1,000/- to be cleared by April 15, 1952. The credits were
after due consultation with the Zonal Manager concerned decided to give temporary overdrafts and sanction of loans to some old constituents of the bank ... limits set up against each parties for cash credit, temporary overdrafts and Bill purchase accounts without the knowledge and consent of the Higher Authority
distinguished from securing èmere temporary or day-to-day accommodation, or from, banking or overdraft facilities, and may be either by way of addition ... Ascot Gas Water Heaters Ltd. v. Duff, who considered a temporary accommodation to be an ordinary incident in carrying on the business. In a commercial
benefit. It is quite possible that the overdraft facility in a particular case may involve a temporary short-term loan or accommodation covering a small ... capital expenditure has expressed a view that a temporary accommodation or a banking or overdraft arrangement cannot be considered as a part of the capital
with the bank to secure an overdraft to a miximum limit of 6 lacs. In 1921 the overdraft limit was increased to 10 lacs ... Guzdar, on behalf of the firm, applied for a further temporary advance of five lacs, pending the result of negotiations for the sale
within 18 months, obtained a temporary financial accommodation from the National & Grindlays Bank Ltd, by way of an overdraft. The bank was sought
assessee's case in respect of the interest received on overdraft granted to the Calcutta Electric Supply Corporation Ltd.?
(2) Whether the computation ... Corporation applied to the assessee bank for grant of temporary financial accommodation to the extent of 1 million. The reason for seeking the financial accommodation
