Cbiacbbengaluru vs A1. Madhu Lakshminarayana And Others on 8 October, 2025
IN THE COURT OF
request of defendant,
the plaintiff bank has sanctioned a Temporary Overdraft
Facility of Rs.2,88,000/- on 30.4.2018 for short term
business needs ... been extremely
irregular, not only in the operation of the temporary
overdraft facility, but also in the matter of repayment as per
the agreed terms
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
bank. The defendant approached the plaintiff's
bank for temporary overdraft facility for its business
purpose. In this regard plaintiff's bank agreed ... overdraft facility for its business
purpose. In this regard plaintiff's bank agreed for the same
on 05-10-2015 allowed overdraft facility
plaint has further alleged the
defendant availed the Cash Credit Facility for her business/
Commercial purpose failed to repay the loan amount with interest ... suit
which arose on 08.05.2019 when the defendant availed the
temporary overdraft facility of Rs.5,00,000/- by agreeing to repay
the same
bank Guarantee submitted for raw materials.
The plaintiff has stopped the temporary Overdraft facility to
the defendant and inspite of several request and by vide ... letter dated 23.07.2013 the plaintiff rejected the temporary
overdraft facility and allowed the bank guarantee to
devolve on 12.08.2013 and then the debited
requested the plaintiff - bank to permit him to avail
temporary overdraft loan facilities of Rs.3 Lakhs in current
account No.14710200007597 ... defendant had
availed from the plaintiff - bank a temporary overdraft
loan facilities to the above said account. In consideration
of the availment of the said
bank with a
3 O.S.7736/2015
request to sanction temporary overdraft facility upto a limit
of Rs.1,50,000/- to meet their ... defendants not
obtained any overdraft facility and defendants are not due
to the plaintiff bank then they could have appeared before
the court
current
account by giving temporary overdraft of Rs.1,66,265.95 on
23.06.2012. The Defendant has executed the demand promissory
note and other necessary documents ... said sum
was adjusted by giving the temporary overdraft facility for
Rs.1,66,265.95 on 23.06.2012 agreeing to repay the same with
interest
enjoying temporary over draft facility. On
3.10.2015, the defendant had requested the plaintiff to allow the
temporary overdraft facility of Rs.5,000/- for paying