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
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
Office on
23.01.2001, accused No. 5 V.B. Katoria started
allowing temporary overdrafts (hereinafter
referred to as TOD) in current account
guidelines, Senior Manager /Chief Manager were also
authorized to sanction clean overdraft /temporary overdraft to
the extent
Singapore which
remains unpaid.
c) Rs. 21,000/- as Temporary overdraft.
1.13 On 16-07-1999, an amount of Rs. 4,20,000/- was unlawfully
Prem Lata. She has further deposed that the
undated letter regarding temporary overdraft in
CA no.24764 addressed to branch manager ... Undated letter Ex. PW-18/M-5
regarding Temporary Overdraft in CA no. 4576
signed by accused deceased D. K. Sharma,
Undated Term Deposit Delivery
guidelines, Senior Manager /Chief
Manager were also authorized to sanction clean overdraft
/temporary overdraft to the extent
Cb I vs . 1 Sh. S Satish Kumar S/O Sh. P C Rao, on
with Syndicate Bank, Gugai Branch, Salem and applied for a secured overdraft of Rs.10 lakhs on 30.04.2004 for developing the Jewelery business by offering ... name of Smt.Papathi, mother of A3 in order to regularise the Temporary Over Drawal (TOD) allowed by A1 in the account
