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
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
temporary overdraft on a regular basis
from the plaintiff bank through its Kirti Nagar branch. That the defendant
availed temporary overdraft facility (hereinafter referred ... arose on 06.02.2017 when defendant
requested for a grant of a temporary overdraft facility to the tune of Rs.
1,35,000/- from the plaintiff
petitioner company from the bank was a facility of SOD
(Standing Overdraft) and the said facility was extended to the 1st
petitioner for a sanctioned ... reply to the said recall notice stating that the
Temporary Overdraft and Standing Overdraft issued by the bank were
secured by self-owned assets
defendant was availing temporary
overdraft in his current account no.32105068781 as per his
credit requirement and had already availed such facilities on
various dates ... about
22.2.2014, the defendant again approached the plaintiff bank for
availing overdraft to meet business requirement by getting clear
cheque issued by him and submitted
moratorium period.
3. In respect of working capital facilities sanctioned in the form
of cash credit/overdraft ("CC/OD"), lending institutions are
permitted ... recovery of interest
applied in respect of all such facilities. Lending institutions are
permitted, at their discretion, to convert the accumulated
interest for the deferment
Dcit, Circle - 8(1), Kolkata , Kolkata vs M/S. Eih Associated Hotels Limited ... on 15
Commissioner Of Gst And Central Excise vs M/S Citibank N.A. on 9 December
Sunil Kumar Nagpal vs Central Bank Of India & Ors on 26 March, 2021
Equivalent
Mukti Bavisi vs The State Of Maharashtra on 5 May, 2021
Author: Prakash D. Naik
