interest
of the bank.
INVESTIGATION QUA TEMPORARY OVERDRAFT FACILITY
OF M/S KUNAL TRAVELS (P) LTD.:-
(i) It was alleged that Mr. H. S. Shetty ... alleged that at the instance of DGM Mr. K.
P. Hegde, Temporary Overdraft Facility (TOD) was granted to M/s
CBI No. 21/09 Page
Certified Copy Of The Judgment In Case ... vs . Om Prakash Dated on 30 January, 2018
Cb I vs . 1 Sh. S Satish Kumar S/O Sh. P C Rao, on
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 ... pertains to purchase of cheques beyond discretionary
power and grant of temporary overdraft beyond discretionary powers only.
ROLE OF BOTH THE BANK OFFICIALS
huge credit facilities in
the form of :
"(1) Letter of Credit (LC);
(2) Open Cash Credit (OCC)
(3) Secured- Temporary Overdrafts
cheat the Bank by abusing his
official position sanctioned for temporary overdrafts by
circumventing bank rules, regulations by corrupt or
illegal means obtains himself pecuniary ... without obtaining the valuation of the property before
sanction of credit facilities, the accused has not properly
verified the work order. He had ignored
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
even otherwise not competent to purchase any cheque or grant any
temporary overdraft.
iv. Moreover, other bank officials like Sh. JDK Jain and Sh. Prem ... contentions
x) Conclusion
DISCRETIONARY POWERS AND BANKING GUIDELINES
7.0 Bill purchasing/discounting facilities are integral part of banking
business. These are sort of self-liquidating
Cbi vs Vipul Sharma Etc. on 10 September, 2013
CBI vs Vipul Sharma etc.
IN
R. Venkatakrishnan vs Central Bureau Of Investigation on 7 August, 2009
Equivalent citations: AIR 2010
