Overdraft - Judgment Search Results

Purna Investments Ltd. Vs. Southern Steelmet and Alloys Ltd. and ors.

Court: Karnataka

Reported in: [1978]48CompCas264(Kar); ILR1977KAR1365; 1977(2)KarLJ266

..... in respect of transactions relating to loans and advances loans and mortgages cash credit or overdraft bonds agreements of pawn or pledge and letters of hypothecation executed by farmers for agricultural .....

Bareilly Electricity Supply and Co. Ltd. Vs. State of U.P.

Court: Kolkata

Reported in: AIR1977Cal426

..... arbitrators had excluded bs 60 580 39 which was interest on overdraft the arbitrators had committed an error of law because what was ..... been made i am however unable to accept this contention whether overdraft is a loan is only putting differently the same question the ..... question essentially and only is whether interest on overdraft is the same thing as interest on loan and as such .....

Pheros and Co. P. Ltd. Vs. Commissioner of Income-tax

Court: Guwahati

..... an existing arrangement that the state bank of india would give overdraft facilities against the security of stock in trade in addition a ..... be given by f c agarwal in order to continue the overdraft when the proprietary concern was taken over by the company the ..... may 1969 and before that the company was utilising facilities of overdraft without any guarantee the tribunal limited the commission for 1 1 .....

Kishinchand Chellaram Vs. Commissioner of Income-tax, Bombay City-iii

Court: Mumbai

Reported in: [1978]114ITR654(Bom)

..... relevant accounting years the assessee company paid interest accruing on its overdrafts to the banks in india and the assessee claimed deduction ..... for each of the years on the ground that the overdrafts from the banks were not incurred whoolly and exclusively for ..... the assessee company made remittances to the united kingdom by taking overdrafts from the banks in india and the borrowings from the .....

Lohia Trading Co. Vs. Central Bank of India and anr.

Court: Kolkata

Reported in: AIR1978Cal468

..... officer of the bank since 1955 56 he stated that the defendant no 2 had overdraft facilities with the bank and pledged with it certain stock of paper which goods were ..... the defendant no 2 the bank was merely holding the same against a cash credit overdraft account of its constituent and there was no agreement whatsoever between the plaintiff and the .....

National Newsprint and Paper Mills Ltd. Vs. Commissioner of Income-tax

Court: Madhya Pradesh

Reported in: [1978]114ITR172(MP); 1978MPLJ128

..... had agreed to charge an yearly rate of interest on the daily balance of the overdraft the bank was submitting pass books regularly showing that at the end of every month ..... customer was notbound by it further even after such notice if he continued to draw overdrafts he did so at the enhanced rate as there was an implied agreement resulting by .....

C.M. Agarwalla Vs. Halar Salt and Chemical Works and ors.

Court: Kolkata

Reported in: AIR1977Cal356

..... at the time when the plaintiff issued the said 2 cheques the plaintiff had an overdraft facility with the bank for a sum of rs 70 000 on the day when ..... the plaintiff issued notice stopping payment of the said two cheques the plaintiff had also overdraft facilities with the bank to the tune of rs 70 000 that instruction for stoppage .....

Commissioner of Gift-tax, Bombay-iii Vs. Matilda Ferreira

Court: Mumbai

Reported in: [1978]112ITR934(Bom)

..... was not enough money to the assessee s account and the firm chose to allow overdraft facilities to the assessee was not relevant and did not affect the validity of the .....

Soorajmull Nagarmull Vs. the Bank of Tokyo Ltd. and ors.

Court: Kolkata

Reported in: AIR1977Cal391

..... and other reliefs 2 the claim of the bank arises out of transactions on an overdraft account opened in the bank in the name of the defendant no 1 a partnership .....

The New Bank of India Ltd. Vs. Union of India and ors.

Court: Delhi

Reported in: [1979]49CompCas226(Delhi); ILR1977Delhi672

..... the bank was authorised to debit the said realisations from the government towards the current overdraft account of the contractors with the bank 4 in terms of clause 9 a of .....