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Case Law Details

Case Name : Shrikant G. Mantri Vs Punjab National Bank (Supreme Court of India)
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Shrikant G. Mantri Vs Punjab National Bank (Supreme Court of India)

Facts- The appellant, a stock-broker by profession, had opened an account with erstwhile Nedungadi Bank Limited. The appellant had applied for an overdraft facility on 25th April, 1998, in connection with his day ­to­day share and stock transactions. It is not in dispute that the said overdraft facility was sanctioned by the Bank to the appellant initially for an amount of Rs.1 crore, for which the appellant had pledged certain shares worth more than Rs.1 crore, as s

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