sought any overdraft facility from the plaintiff. They further complained that no details about the account of the alleged overdraft facility had been supplied ... approached him in August, 1973, and orally sought a temporary overdraft facility which the said Sathe agreed to sanction as it was for a temporary
month, in the beginning of the following month, the statements of temporary overdraft facilities, granted to the individual parties.
(d) On or about November ... Central Office belatedly received the statements of temporary overdraft facilities and it revealed that on August 25, 1978 the Branch Manager, respondent No. 2 herein
principal
debtor/respondents No.1 to 3 had applied for a temporary
overdraft facility. Respondents No.4 and 5 were the guarantors for
respondent ... make the
repayment convenient, monthly installments were allowed. It was
a temporary overdraft facility for the principal debtor for two
months only
principal
debtor/respondents No.1 to 3 had applied for a temporary
overdraft facility. Respondents No.4 and 5 were the guarantors for
respondent ... make the
repayment convenient, monthly installments were allowed. It was
a temporary overdraft facility for the principal debtor for two
months only
Whether the plaintiffs prove that the Letter of Credit facility and Temporary Overdraft facility were opened on request of the defendants?
2. Whether the plaintiffs ... payable by the defendants under the temporary overdraft facility?
5. Whether the defendants prove that it was the obligation of the plaintiffs to pay custom
loans, (ii) irregularity in disbursements of cash credit and temporary overdraft facilities and (iii) insubordination. The said chargesheet was accompanied by an elaborate annexure
Bank had
assured defendant nos.1 and 2 to grant temporary overdraft
facility and the banker would make payment to the supplier's
banker ... obtained the signatures of
defendant no.2 on the documents for temporary overdraft
facility, defendant no.4 failed and neglected to honour its
obligation
plaintiff has granted any overdraft facility to the defendants and whether the claim on the basis of that facility was maintainable.
4. In support ... that he had orally applied to the plaintiff Bank for any temporary overdraft facility.
5. In his judgment the learned Judge took the view that
December, 1999, the Plaintiff sought an enhancement of
the said overdraft facility. By its letter dated 13 th December, 1999,
S.R.JOSHI ... Plaintiff approached Nedungadi Bank Limited for a
further temporary increase in the overdraft facility only till 14 th March,
2001 by its letter dated 17th
delivered.
15) So far as the second category of charge of temporary over drawing
of Rs.3.58 crores in the guise of bill discounting ... that the limit of sanctioning Overdraft
facility (of Rs. 75 Lakh) is erroneously mixed up with the temporary over
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