Overdraft - Year 1967 - Judgments

Nov 07 1967 (SC)

Shri Baburao Patel and ors. Vs. Dr. Zakir HusaIn and ors.

Court: Supreme Court of India

Decided on: Nov-07-1967

Reported in: AIR1968SC904; [1968]2SCR133

..... mudholkar r s bachawat raghuvar dayal and v ramaswami jj the appellant had a combined overdraft and deposit account also described as a mutual open and current account with the respondent ..... best interests 114 a f h 115 a b ii the respondent gave loans on overdrafts and the appellant made deposits the loans and deposits created mutual obligations since the account .....

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May 29 1967 (HC)

Major General Mahabir Shum Sher Jung Bahadur Rana Vs. Lloyds Bank Ltd. ...

Court: Kolkata

Decided on: May-29-1967

Reported in: AIR1968Cal371,72CWN94

..... due repayment by the said company of its dues under the overdraft account the central government by a notification appointed i august ..... discharged from all obligations of surety or guarantor in the said overdraft account 6 on or about 31st october 1953 the defendant ..... of the liabilities of the said company under the said overdraft account the debit is alleged to be wrongful and unauthorised .....

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Apr 03 1967 (HC)

The Chief Controlling Revenue Authority, Madras Vs. V. Ramakrishna Son ...

Court: Chennai

Decided on: Apr-03-1967

Reported in: AIR1968Mad279

..... the instruments in question the executants arranged with the bank for the cash credit or overdraft facilities providing security for the advances the relevant term of the instrument which is relied ..... for repayment of the amount due and payable pursuant to the instruments under consideration on overdraft accounts the executants had deposited with the bank certain shares in public limited companies the .....

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Mar 28 1967 (HC)

The United Commercial Bank Ltd. Vs. Firm Ganesh Das R.B. Kidar Nath an ...

Court: Delhi

Decided on: Mar-28-1967

Reported in: 4(1968)DLT220

..... comprising of defendants nos 2 5 and their eldest brtoher kanwar raj nath had an overdraft cash credit account with plaintiff s lahore branch its over draft cash credit limit being ..... for repayment of ultimate balance which may remain due in the said overdraft cash credit account that the said overdraft cash credit account in plaintiff s lahore branch was operated upon by .....

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Oct 09 1967 (HC)

Commissioner of Income-tax, Gujarat Vs. Indumati Ratanlal

Court: Gujarat

Decided on: Oct-09-1967

Reported in: (1968)0GLR765

..... a part of the moneys borrowed from the banks in the overdraft accounts namely the sum of rs 60 889 was utilised for ..... of an immovable property interest paid to the banks in the overdraft accounts could not be said to be expenditure incurred solely for ..... the rest of the moneys borrowed from the banks in the overdraft accounts were admittedly utilized exclusively for payment of estate duty and .....

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Oct 09 1967 (HC)

Commissioner of Income-tax, Gujarat Vs. Mrs. Indumati Ratanlal.

Court: Gujarat

Decided on: Oct-09-1967

Reported in: [1968]70ITR353(Guj)

..... a part of the moneys borrowed from the banks in the overdraft accounts namely the sum of rs 60 889 was utilised for ..... of an immovable property interest paid to the banks in the overdraft accounts could not be said to be expenditure incurred solely for ..... the rest of the moneys borrowed from the banks in the overdraft accounts were admittedly utilized exclusively for payment of estate duty and .....

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Jan 25 1967 (HC)

Northern Bengal Jute Trading Co. Ltd. Vs. Commissioner of Income-tax.

Court: Kolkata

Decided on: Jan-25-1967

Reported in: [1968]70ITR407(Cal)

..... the assessee firm the deposit in rs name was adjusted against an overdraft of the assessee firm and the assessees account books showed a ..... credit in favour of r similarly gs name was utilized for securing overdraft facilities for the assessee firm but the third sum of rs ..... held in the name of s was offered as a security for overdraft to a company in the managing agency of which the partners .....

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Sep 08 1967 (HC)

S.R. Varadarajulu Naidu Vs. Papanasam Labour Union, Ambasamudram and o ...

Court: Chennai

Decided on: Sep-08-1967

Reported in: AIR1969Mad401; (1969)IILLJ427Mad

..... the trust were transferred to the credit of subramaniam s account with him and his overdraft account was adjusted with the moneys so transferred the plaintiff coming to know of this ..... the charities was set off against subramaniam s personal debt to the defendant upon his overdraft the board held that limitation under article 120 for the purposes of the suit began .....

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Jan 20 1967 (HC)

Official Liquidator, Puri Bank Ltd. Vs. Ramaniklal Joshi and ors.

Court: Orissa

Decided on: Jan-20-1967

Reported in: AIR1967Ori169; 34(1968)CLT231

..... the current account ledger standing in the name of the defendants that the bank allowed overdraft to the defendants in support of his evidence he referred to entry at page 29 .....

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Jun 23 1967 (HC)

P. Janakiram Chetty Vs. Punjab National Bank Ltd. and anr.

Court: Karnataka

Decided on: Jun-23-1967

Reported in: AIR1968Kant56; AIR1968Mys56; (1967)2MysLJ168

..... payment of all such as aforesaid 5 no advance that you may make or credit overdraft you may give to the said messrs the kapila textile mills ltd beyond the extent .....

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