representations of the
4
petitioner, the third respondent - Bank sanctioned the
credit facilities which would include a Term Loan ... inkling of the same. Petitioner was also granted an
additional Temporary Overdraft facility of
Rs.100,00,00,000/- during the Covid-19 Pandemic pursuant
Bank. Accused No.1 also allowed
accused No.2 to avail Temporary Overdraft Facility (for
short 'TOD') and local cheque discounting facility although
stockbroker by profession. The appellant had applied for
an overdraft facility on 25th April, 1998, in connection with
his daytoday share ... appellantcomplainant applied for enhancement of the said
overdraft facility. The said overdraft facility was enhanced by
the erstwhile Bank from Rs.1 crore
credit account / overdraft in the
current account of the customer/CD and naturally the rate of interest
applicable to the cash credit facilities are made ... Cash credit facilities to Letter of
Credit facilities.
b. It is not a case of providing term loan or other temporary non -fund
based facilities
credit account / overdraft in the
current account of the customer/CD and naturally the rate of interest
applicable to the cash credit facilities are made ... Cash credit facilities to Letter of
Credit facilities.
b. It is not a case of providing term loan or other temporary non -fund
based facilities
Asian Hotels North Ltd vs Yes Bank Ltd & Ors on 24 February, 2022
Author
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