alleged,
during the year 2007-2008 complainant bank sanctioned a temporary overdraft
facility to the accused ... proprietor of M/s Indigo Travels &
Tours, a temporary overdraft facility to the tune of Rs.15,00,000/- at the interest
petitioner availed a cash credit, temporary
overdraft and a term loan from the respondent Bank.
On default being committed the respondent initiated
proceedings under Securitisation ... terms as to the
satisfaction of the cash credit and the temporary
overdraft.
W.P.(C) No. 3405/2017
-2-
(i) The total defaulted arrears
under the Agri Green Credit Scheme and a
Temporary Overdraft of Rs.10,00,000/-. Petitioner had agreed to
pay the term loan in monthly ... would come to Rs.3,74,480/-. In respect of the temporary
overdraft, it was given only for a period of one month
cheque was
honoured.
4. It is further submitted that a temporary overdraft was created in
the said account of the defendant as the defendant ... request of the
defendant, the said cheque was cleared after temporary overdraft was
created in the account of the defendant. The overdraft amount
appellant-Bank granted further
financial assistance to JPCL by way of temporary overdraft
facility aggregating to Rs.8883 lacs which was secured
stated that only on a letter of a customer temporary overdraft facility
could be extended. Entries had to be made in A.D.1 with ... head office relating to grant of temporary overdraft
facility. In cross-examination he stated without a specimen signature
card no current account could be opened
debiting the current account of the company
and creating a temporary overdraft of Rs.3697 lakh in its
current account and remitted the funds ... establish that it was he, who was instrumental in authorizing the
temporary overdraft in the account of M/s. Goldfish Computers
Private Limited
assessment order and
observed that the appellant had huge temporary overdraft as on 31.3.2007
and it has made investment in shares more than that amount
maintained
bank account with this bank and has been granted Temporary Overdraft
facility. The confirmation filed by the assessee company have not been
examined
bank with a
3 O.S.7736/2015
request to sanction temporary overdraft facility upto a limit
of Rs.1,50,000/- to meet their ... marked for the plaintiff :
Ex.P.1 - Letter of request of temporary overdraft
Ex.P.2 - On demand promissory note
Ex.P.3 - True copy
