such not in dispute but in
1994 NICOSET Limited had sought credit facilities to the
tune of Rs.450 lacs from the respondent ... appellant-Bank granted further
financial assistance to JPCL by way of temporary overdraft
facility aggregating to Rs.8883 lacs which was secured
familiar with the deceiful behaviour of the said party, allowed a temporary overdraft of Pound Sterling 247,688.89 on 16-10-1990, which was increased ... asked to clarify this position in the matter of grant of temporary overdraft to the parties named therein. From the record it appears that
Bank. The bank grants over-draft facility in order to earn interest. Its constituents enjoy the overdraft facility in order to develop their business. Therefore ... enjoyment of temporary over-draft facility. This fact leads to the inescapable inference that there was continuity of overdraft facility between the Bank and plaintiff
current account more than the sanctioned ceiling under the temporary over-draft facility. There is no dispute about the fact that the Bank has appropriated ... very purpose of taking securities by the Bank is obvious. Temporary over-draft facility was sanctioned on the security of the fixed deposit receipts. Despits
revealed that an overdraft of Rs.36100 was allowed by the branch on 23.2.98 and thereafter the party always enjoyed overdraft facility. Account was always ... particular spells that the norms for grant of temporary overdraft. A perusal of this document vis--vis the deviations resorted to by the CSO indicates
respondent company, for the first time,
raised dispute about the credit facility and the creation of
charge over the petitioner's FDs. The said ... make good of the amount to you.
Since we need the Temporary Overdraft urgently we request to hand
over the original deposit receipts duly discharged
Commissioner Of Income-Tax, Gujarat Ii vs Vimlaben Bhagwandas Patel And Kamlaben ... on 25 January
Official Liquidator Of Piramal ... vs Reserve Bank Of India on 21 March, 2003
Equivalent citations
Hdfc Bank Limited Thro' Regional Head vs Ashima Limited on 28 February, 2014
Author
O.L. Of Piramal Financial Services Ltd. vs Reserve Bank Of India on 21 March
