Overdraft - Year 1963 - Judgments

Dec 03 1963 (SC)

Vriddhachalam Pillai Vs. Chaldean Syrian Bank Ltd., and anr.

Court: Supreme Court of India

Decided on: Dec-03-1963

Reported in: AIR1964SC1425; [1964]5SCR647

..... of the cochin properties however even before the request for the overdraft was circulated to the directors and their sanction obtained the officers ..... the creation of the mortgage was long after this apparently this overdraft account was opened under the directions of the bank s ..... bank had credited the amount to the 1st defendant in his overdraft account then there would have been an unity between the .....

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Oct 10 1963 (HC)

Buddha Pictures by Managing Partner, Bhimsingh Vs. Fourth Income-tax O ...

Court: Chennai

Decided on: Oct-10-1963

Reported in: AIR1964Mad429; [1964]52ITR321(Mad)

..... the banker refused to pay the assessee any further sum on his overdraft account and the assessee filed a petition under article 229 of the ..... of the notice and the letter this court held that an unutilised overdraft account does not render the banker a debtor in any sense ..... bank were a debtor there could be no attachment and an unutilised overdraft account does not render the bank a debtor in any sense .....

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Oct 10 1963 (HC)

Buddha Pictures Vs. the Fourth Income-tax Officer and anr.

Court: Chennai

Decided on: Oct-10-1963

Reported in: (1964)1MLJ263

..... banker refused to pay to the assessee any further sum on his overdraft account and the assessee filed a petition under article 226 of the ..... of the notice and the letter this court held that an unutilised overdraft account does not render the banker a debtor in any sense ..... bank were a debtor there could be no attachment and an unutilised overdraft account does not render the bank a debtor in any sense .....

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May 01 1963 (HC)

V. Ganesan Vs. Brahmayya and Co., Official Liquidators and anr.

Court: Chennai

Decided on: May-01-1963

Reported in: (1964)1MLJ405

..... dated cheque until arrival of the date mentioned therein rule 14 contemplates the granting of overdraft facilities only against authorised securities reference may also be made to the earlier rules at ..... contravene the rules of the bank by discounting post dated cheques and was being allowed overdraft facility without express resolution by the board of directors and further that the balance sheet .....

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Feb 19 1963 (HC)

K.N. Srinivasa Iyer Vs. the Joint Official Liquidators of Nurani Union ...

Court: Chennai

Decided on: Feb-19-1963

Reported in: AIR1963Mad464; [1963]33CompCas735(Mad)

..... huge advances were impermissible thus the resolution on 10 7 1937 permitted overdraft accommodation to n r lakshmana iyer only for rs 3000 another resolution ..... 1961 is concerned it will be seen that though the limit of overdraft in his case was only ks 15 000 according to the ..... rs 8000 these deposits still remain outstanding he did not take any overdraft and he only took a small loan or rs 400 in .....

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Nov 07 1963 (HC)

Amna Bai Hajee Issa Vs. Commissioner of Income-tax, Madras.

Court: Chennai

Decided on: Nov-07-1963

Reported in: [1964]51ITR835(Mad)

..... as the assessees bankers and agents as on april 1 1956 the assessee had an overdraft of rs 96 625 during the year 1956 57 the banking firm had collected rents ..... which she was a partner till march 31 1957 on march 31 1957 therefore the overdraft balance had become reduced to rs 53 182 it was on this debit balance that .....

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Aug 21 1963 (HC)

M. Raman Pillai Vs. the Commissioner of Income-tax

Court: Kerala

Decided on: Aug-21-1963

Reported in: AIR1965Ker159; [1964]51ITR829(Ker)

..... of the land but from his own resources rs 45 000 being raised by an overdraft from the bank 6 the assessee is a p w d contractor he does not ..... found by selling a part of the property and another part by means of an overdraft but that is the way in which many investments are made and we see no .....

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Nov 07 1963 (HC)

Amna Bai Hajee Issa Vs. the Commissioner of Income-tax

Court: Chennai

Decided on: Nov-07-1963

Reported in: (1964)1MLJ198

..... the assessee s bankers and agents as on 1st april 1956 the assessee had an overdraft of rs 96 625 during the year 1956 57 the banking firm had collected rents ..... which she was a partner till 31st march 1957 on 31st march 1957 therefore the overdraft balance had become reduced to rs 53 182 it was on this debit balance that .....

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Nov 26 1963 (HC)

In Re: Kapila Textiles Mills Ltd., Nanjangud (In Liquidation)

Court: Karnataka

Decided on: Nov-26-1963

Reported in: [1964]34CompCas1005(Kar)

..... 7 of the act aid includes aid extended to an industries by guaranteeing cash credit overdraft or fixed advance with a bank section 19 1 read as follows 19 1 all .....

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Jan 29 1963 (HC)

Dhan Singh Yadav and anr. Vs. Badri Prasad

Court: Rajasthan

Decided on: Jan-29-1963

Reported in: AIR1963Raj198

..... this case were that a firm s arranged with p a mercantile bank for an overdraft s drew a cheque on the said bank on 14th september 1522 for rs 2 .....

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