Overdraft - Year 1991 - Judgments

Jun 26 1991 (HC)

Sangappa Sadappa Bhavari Vs. Gouravva W/O Sadappa Chabari and ors.

Court: Karnataka

Decided on: Jun-26-1991

Reported in: AIR1993Kant1; ILR1992KAR236

..... 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 .....

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Mar 22 1991 (TRI)

Durametaliic (India) Ltd. Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Madras

Decided on: Mar-22-1991

Reported in: (1991)38ITD211(Mad.)

..... the assessee and went on the presumption that where the overdraft account comprised of the revenue receipt and also advances the ..... and which were embedded in the current assets including the overdraft account of the assessee 20 the departmental representative vehemently argued ..... to have drawn from the sale proceeds credited into the overdraft account seems to be reasonable and the fund flow statement .....

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Apr 02 1991 (HC)

Commissioner of Wealth-tax Vs. D.H. Venaina

Court: Mumbai

Decided on: Apr-02-1991

Reported in: (1991)97CTR(Bom)150

..... of certain assets as under assessment security for amount of total remarksyear loan obtained loanor overdraft 1 2 3 4 5 rs rs 1971 72 life insurance bank ..... extent of valuemotor car 5 995 of shares exemptedbank not allowed overdraft 1 50 300 1 59 0451972 73 life bank overdraft toinsurance the extent of rs policy 3 050 1 50 .....

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Sep 20 1991 (HC)

Canara Bank Vs. Perpetual Beers and ors.

Court: Delhi

Decided on: Sep-20-1991

Reported in: I(1992)BC64; 45(1991)DLT549

..... the defendants further acknowledged and accepted their liability on 4 1 1987 towards overdraft facility in the sum of rs 2 15 415 45 p together with ..... the defendants to the plaintiff bank where through they prayed for enhancement of overdraft facility by rs 50 000 00 ex p 11 is a pronote in ..... favor of the plaintiff ex p 13 is again a request for an overdraft facility up to a limit of rs l 50 000 00 ex p .....

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Mar 26 1991 (HC)

Commissioner of Income-tax Vs. Gillanders Arbuthnot and Co. Ltd.

Court: Kolkata

Decided on: Mar-26-1991

Reported in: [1992]195ITR331(Cal)

..... to grant financial accommodation to the company by way of loan or overdraft or cash credit account up to and not exceeding in the ..... due and owing by the company to the lender on the said overdraft or cash credit account hereinafter called the said account and for ..... or the interest of its members and in particular to guarantee the overdraft or cash credit account of any person or persons company or .....

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Dec 30 1991 (TRI)

income-tax Officer Vs. Andhra Cut Piece Centre

Court: Income Tax Appellate Tribunal ITAT Hyderabad

Decided on: Dec-30-1991

Reported in: (1992)41ITD280(Hyd.)

..... giving away the new partnership deed to a bank to obtain overdraft facility the same was appealable the income tax officer not ..... the assessee firm viz canara bank in order to obtain an overdraft account called hundi loan the retiring partner viz sri ali ..... canara bank vizianagaram with whom the assessee negotiated for obtaining an overdraft secondly the partnership deed was returned not to hazi ismail .....

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May 17 1991 (HC)

Bhabani Prosad Ghosh and Others Vs. Central Bank of India

Court: Kolkata

Decided on: May-17-1991

Reported in: AIR1992Cal76,[1993]76CompCas349(Cal)

..... bank and had a current deposit account and the company had overdraft facilities and other arrangements for financial accommodation with the bank ..... time to time demand promissory notes for the cash credit overdraft limit then existing in respect of account nos 2 and ..... of title deeds was not there when the agreement for overdraft facility and other financial accommodation was entered into between the .....

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Jul 25 1991 (HC)

Commissioner of Income-tax Vs. Jardine Henderson Ltd.

Court: Kolkata

Decided on: Jul-25-1991

Reported in: [1994]210ITR981(Cal)

..... managing agency house the assessee borrowed money from time to time through several overdraft accounts with banks such overdrafts were utilised by it in the course of its trading activities in advancing ..... business 6 the contention of the revenue before us is that in the present case overdrafts were utilised by the company in investing in the shares of the managed companies here .....

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Jan 30 1991 (HC)

Coventary Metals Rajasthan (P.) Ltd. Vs. Union of India (Uoi) and ors.

Court: Rajasthan

Decided on: Jan-30-1991

Reported in: (1993)IIILLJ494Raj

..... the company deteriorated and the customers of the company developed alternative source of supply the overdrafts given to the company were also suspended by the financial institutions since closure w e ..... 2 took cognizance of the fact that there was suspension of the facility of the overdraft but found that no evidence had been placed in respect of that statement about closure .....

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Oct 09 1991 (HC)

Syndicate Bank Vs. Satya Electric Co. and ors.

Court: Delhi

Decided on: Oct-09-1991

Reported in: I(1992)BC52; 45(1991)DLT547

..... 1 e defendant no 2 and 3 approached the plaintiff bank for the grant of overdraft facility to the tune of rs 90 000 00 in the month of november 1985 ..... the mm of rs 90 000 letter of security ex p 4 request for opening overdraft account ex p 5 letter of drawing dated 5 11 1985 ex p 6 letter .....

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