defendant approached
the plaintiff-Bank for grant of Temporary Overdraft facility in a
sum of Rs.2,00,000/- with an undertaking to repay ... temporary overdraft in a sum of Rs.1,00,000/- but the
transaction of the plaintiff shows that the defendant has availed
the temporary overdraft
principal
debtor/respondents No.1 to 3 had applied for a temporary
overdraft facility. Respondents No.4 and 5 were the guarantors for
respondent ... make the
repayment convenient, monthly installments were allowed. It was
a temporary overdraft facility for the principal debtor for two
months only
principal
debtor/respondents No.1 to 3 had applied for a temporary
overdraft facility. Respondents No.4 and 5 were the guarantors for
respondent ... make the
repayment convenient, monthly installments were allowed. It was
a temporary overdraft facility for the principal debtor for two
months only
temporary overdraft of Rs. 30,00,000/- against which the Bank sanctioned only a sum of Rs. 17,00,000/- as a temporary overdraft facility
delivered.
15) So far as the second category of charge of temporary over drawing
of Rs.3.58 crores in the guise of bill discounting ... that the limit of sanctioning Overdraft
facility (of Rs. 75 Lakh) is erroneously mixed up with the temporary over
___Page
above credit /
overdraft facility by the defendant, the defendant again approached the
plaintiff bank for renewal of the credit / overdraft facilities ... approached the plaintiff bank on
23.04.2020 to avail further credit / overdraft facility under "CANARA
CREDIT SUPPORT TO COVID-18 AFFECTED CUSTOMERS
circular states
that, in respect of working capital facilities sanctioned in the form
of cash credit/overdraft, lending institutions are permitted to allow
a deferment ... states that, in respect of working capital
facilities sanctioned in the form of cash credit/overdraft to
borrowers facing stress on account of the economic
kept as temporary deposits with Nationalized
Banks. It is pertinent to note here that Assessee Society
has even taken temporary overdraft on various
instances against ... Assessee Society being a cooperative society is
engaged purely in providing credit facilities to its members.
Assessee Society would like to place reliance upon decision
about the nature of the service obtained which was an overdraft facility from the Bank for which the account was opened. The recital ... thereafter that the said fixed deposit was pledged against the overdraft facility that was availed of. The Application forms were signed by the deponent
about the nature of the service obtained which was an overdraft facility from the Bank for which the account was opened. The recital ... thereafter that the said fixed deposit was pledged against the overdraft facility that was availed of. The Application forms were signed by the deponent
