respondent bank stating that the petitioner
had unauthorisedly allowed temporary overdrafts and unauthorised
cheque purchase facility by debiting the Imprest Clearing Account.
The petitioner filed ... have committed irregularities
and acts of commission/omission by unauthorisedly
allowing temporary overdrafts, unauthorized cheque
purchase facilities by debiting the Impreset Clearing
Account to various
MSME Service Loans and 16.4% p.a. on the temporary overdraft
facility in the SB account, compounded monthly.
3. The defendant is placed exparte ... respectively.
9. Pw1 also states that the defendant enjoyed temporary
overdraft facility in SB account bearing No.3850101000607. On
his failure to adhere
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
granting
7
TODs. He submits that the plaintiff has granted temporary overdrafts after
fulfilling the conditions of relevant circular. Mr. Ghosh submits that nature
Tiles and Wood, including plywoods, woodboard and hardboard etc. Subsequently, two temporary overdrafts for Rs.64 Lakhs were also sanctioned.
4. It is alleged that
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
Tiles and Wood, including plywoods, woodboard and hardboard etc. Subsequently, two temporary overdrafts for Rs.64 Lakhs were also sanctioned.
5. It is alleged that
Properties and
Developers and utilized to close the current
account overdraft and Term Loan account for
Rs.15.00 lacs
e) Though TDS amounting ... CHARGE-III:-
In excess of the discretionary powers you have
allowed Temporary Overdraft in current
account of M/s Naz Properties and Developers
2022
Dam Capital Advisors Ltd
Particulars Amount - Rs.
Interest on Bank Overdraft 511,334
Bank Guarantee Charges-note 1 4,949,703
Bank Charges-note ... notice that as per the
submissions it is paid towards the temporary overdraft facility to meet the margin
requirements for trades executed on behalf
3243/M/2022
Shri Amish Anantrai Modi
loans and temporary overdrafts, the detail to substantiate the same
would be submitted
