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
plaintiff bank
towards Temporary Overdraft Loan
facility?
5 O.S.No.26880/2012
(2) Whether the plaintiff bank proves that, it
is entitled to recover ... bank treated
the said amount credited to defendants account as temporary
overdraft loan facility from the plaintiff bank and defendants
7 O.S.No.26880
India Export House requested the bank that he may
be granted temporary overdraft facility being casual availments. This was
acceded to by the bank ... overdraft (ad-
hoc) were being availed of by plaintiff.
18. Plaintiff though not specifically denied about availing of
temporary overdraft or bill purchase facilities
knowledge that he had
stood as a Guarantor to the Finance Facilities, despite which he
continued in joint business even after being aware ... 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
availed a temporary
over draft facilities from the bank which is also on account of
discounting charges/fee etc. Thus, the loan facility has been ... payable on purchased bill and hence it
cannot be held that the overdraft account has been used for making
of any kind of investment
ultimately approach Development
Credit Bank to obtain credit facilities and after obtaining the credit
facilities only assessee could make the payment ... these
facts. Copy of application filed to bank for obtaining temporary overdraft
was filed before us. Our attention was also drawn upon the copy
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 ... abusing their official position had processed and sanctioned Secured overdraft facility of Rs.24.75 lakhs on 22.01.2004 in favour of M/s Roshini Silvers
bonafide reasons of not clearing the said cheque. A temporary
overdraft of Rs. 4,78,000/- was granted to M/s. Premium
Distributors ... Premium Distributors Pvt. Ltd., by the OP.
Since the said overdraft facility was given at the personal request of
the Complainant and since the same
Addl Cit Large Tax Payer Unit, Mumbai vs Reliance Industries Ltd, Mumbai on 12 April
