cheque was paid in clearing by the plaintiff by
creating temporary overdraft facility. It is further stated that as a result of
payment of abovesaid ... account of defendant as defendant availed and utilized temporary overdraft in
the account maintained by him with the plaintiff. It is also alleged that
temporary
defendant No. 1;
that defendant No. 2 & 3 applied for Temporary Overdraft (TOD)
from plaintiff bank on 18.04.2001; that the defendant ... were
throughout irregular in making the deposits against the amount of
Temporary Overdraft and stopped depositing any amount in their
Current Account maintained with plaintiff
bank and that
the rate of interest with regard to temporary
overdraft account was @ 15 % p.a.
compounded quarterly.
4. It is further alleged that ... promise and assurance
given by him with regard to aforesaid
temporary overdraft and failed to repay the
amount with the bank along with prevailing
rate
conditions of RBI guidelines. Initially as and when temporary
overdraft facility was availed by defendants, the outstanding
amount used to be paid within a period ... been further averred that the defendants on
21.03.2000,utilised the temporary overdraft facility as the
defendants requested the plaintiff to clear a cheque issued
proved that they had purchased cheques in arbitrary manner and
permitted temporary overdrafts on number of occasions.
5.1 She has also contended that there ... uncommon. Purchasing cheques beyond discretionary
powers/purchasing local cheques and granting temporary overdraft are
CC no. 04/2011 CBI Vs Bhajan Singh etc Page
alleged,
during the year 2007-2008 complainant bank sanctioned a temporary overdraft
facility to the accused ... proprietor of M/s Indigo Travels &
Tours, a temporary overdraft facility to the tune of Rs.15,00,000/- at the interest
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
defendants approached the plaintiff bank on 11.06.1996, for grant of a
temporary overdraft facility for a sum of Rs. 70,000/- (Rupees Seventy
Thousand Only ... only)
Page 3 of 15
-:4:-
on 23.03.1997 towards repayment of temporary overdraft loan facility, Rs.
1,600/- (Rupees One Thousand Six Hundred only
That the defendants had further requested the plaintiff bank
for Temporary Overdraft Facility on the said account to meet the
urgent business commitments ... request of the defendants,
the temporary overdraft was allowed in the said account by the
plaintiff bank on 24.04.2018 for Rs.15,00,000/- (Rupees
plaintiff and
indebted to the plaintiff having availed the temporary overdraft by withdrawing
amount from the account against the deposit of cheque. The defendant ... continued to pursue the defendant
no.1 for repayment of the temporary overdraft in the account. On this
defendant no.1 requested the plaintiff bank
