Charge 12 : Regarding sanctioning of the Temporary
Overdraft (TOD) in contravention of RBI Circular,
Charge 13 : Regarding advance against lands and
buildings.
3. We shall ... confirmed
by the Institute.
7. Charge 12 - Sanctioning of the Temporary
Overdraft (TOD) in contravention of the RBI Circular.
7.1 According to the version
within a short time. The plaintiff treated the said amounts as
temporary overdraft loan amount and the defendant
acknowledged and confirmed the same. Since defendants ... amount
of Rs.1,45,026/- to the plaintiff bank
towards Temporary Overdraft Loan
facility?
5 O.S.No.26880/2012
(2) Whether the plaintiff
these
facts. Copy of application filed to bank for obtaining temporary overdraft
was filed before us. Our attention was also drawn upon the copy
them, but also not remitted the
dues in respect of the temporary overdraft facility extended to
them. It is stated by the bank that ... petitioner. Further, as noted above, the bank had
extended a temporary overdraft facility to the petitioner on
14.07.2016 itself and if the activities
bonafide reasons of not clearing the said cheque. A temporary
overdraft of Rs. 4,78,000/- was granted to M/s. Premium
Distributors
Newdeal Finance & Investment Ltd.
observed that the appellant had huge temporary overdraft as on
31.03.2003 and it has made investment in shares more than
guidelines, Senior Manager /Chief
Manager were also authorized to sanction clean overdraft
/temporary overdraft to the extent
India Export House requested the bank that he may
be granted temporary overdraft facility being casual availments. This was
acceded to by the bank ... plaintiff.
18. Plaintiff though not specifically denied about availing of
temporary overdraft or bill purchase facilities but in cross examination
categorically admitted that
made a
request to the Respondent No. 1 Bank for Temporary Overdraft Facility,
yet, I may note that while deciding the issue before
During the course of business, defendants requested for
temporary current overdraft facility for total amount of
Rs.3,38,221/- which was granted and defendants ... issued cheque
no. 28820 and 858706. Upon clearing of these cheques,
temporary clean overdraft was created in the account of the
defendants by the plaintiff
