overdraft that was sanctioned was a specific overdraft and not a temporary overdraft for a particular limit. The Bank took a stand that the overdraft ... what was granted was not a specific temporary overdraft facility but was a general overdraft facility for a sum of Rs.29 lakhs
Packing Credit Bills purchased. Import Letter of Credit and Temporary Overdraft facilities availed by the 1st respondent together with interest thereon at the contract rate
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
Certified Copy Of The Judgment In Case ... vs . Om Prakash Dated on 30 January, 2018
joining the branch and the company was already enjoying credit
facilities. According to him, he was not involved in acceptance of Flat
Numbers ... Chief Manager and had no
authority to permit any temporary overdraft facilities in the credit accounts
of any borrower. He further stated that proposal
Board to request to the
Plaintiff Bank for a Temporary Overdraft (TOD) facility of Rs.
4,25,000/ (Rupees Four Lac Twenty Five Thousand Only ... Board
to request to the Plaintiff Bank for a Temporary Overdraft
(TOD) facility of Rs. 4,25,000/ (Rupees Four Lac Twenty Five
Thousand Only
facility to the Issuer/to give/grant temporary
or extra overdrafts or other advances/credit
facilities to the issuer and the Guarantors shall
grains, oil seeds and pulses etc. and
have availed cash credit/ overdraft facility from the bank for this
purpose. The assessee's business ... which is a temporary deposit in the bank.
Further, some part of the FDRs were made only for availing overdraft
facility for running the business
guarantee of Rajinder Kaur-defendant No.3. The
Bank sanctioned the aforementioned facility on 2.1.1997 for carrying on the
business of electronic goods ... again
approached the Bank for availing the facility of overdraft of `2,50,000/-
vide letter dated 3.3.2001 and application dated 20.6.2001 for enhancement
2017
M/s. Shreepati Build Infra Investment Ltd.,
temporary overdrafts as and when required by the assessee to honor
project related commitments even ... business funds, on which
assessee was paying interest and Overdraft facility was obtained against
bank FDs. The assessee had reduced interest received on bank
