respondent bank definition

respondent bank means the bank or financial institution outside Pakistan to whom correspondent banking services in Pakistan are provided and vice versa;

respondent bank means the bank or financial institution outside Singapore to whom correspondent banking services in Singapore are provided; and

respondent bank means any bank registered under the Platform to receive the Bank Confirmation requests from the Audit Firm through the Platform; and

Examples of respondent bank in a sentence

• The same was never adhered to by the ‘Corporate Debtor’ and the Respondent Bank agreed to restructure the loan facility with a condition that the repayment would start from 2014 and would be completed by the year 2020.

• Boath v Barclays plc(2016)Acted for the Respondent Bank in a high profile unfair dismissal, whistleblowing and bonus claim brought by a former senior executive.

• Payment will be in the form of a check made payable to To show compliance with paragraph G14, Respondent Bank of America shall provide a copy of the check and the tracking information to the Department within thirty (30) days of the Effective Date of this Agreement.

• Under TERMS AND CONDITIONS: Paragraph 3 reads: “Facility and Amount: Loan (Kwacha fifteen Million only)” The Respondent Bank’s letter to the Managing Director of Rubicon Minequip Limited is headed as follows:-Facility: Short-Term Loan – K30,000,000 and under Facility and amount, it reads:- “Short term Loan of K30,000,000 (Kwacha Thirty Million only)” The Court found that what the Respondent Bank gave to the Appellant were Loans and not Overdrafts.

• The Platform only acts as a venue to facilitate the Bank Confirmation process between the Audit Firm and the Respondent Bank.

• That rather than addressing the Applicant’s complaints, the Respondent summarily and capriciously terminated his appointment without due process and without affording him any opportunity to defend himself.In effect the Applicant’s grievance is that his employment with the Respondent Bank was terminated following a protest letter he wrote directed to the Board of Directors without giving him the right to present his case.

• The gist of the written response to ground one, on behalf of the Respondent Bank; is that the Appellant had not offered any evidence to support the contention that the Respondent Bank unilaterally switched the Loan Facilities to Overdraft Facilities, thereby breaching the agreements between the parties.

• At no point of time, there was a recall notice as the amount involved is a ‘Term Loan’ and is repayable in instalments and the ‘Corporate Debtor’ has paid the interest on the loans and to demand the entire balance amount at one go when it is a term loan, is unjustified.• Action was initiated by the Respondent Bank under SARFAESI Act, 2002 for sale of properties and recovery of money and such a recovery under the IBC Code is against the objectives of Code itself.

• Although the claimant would want court to believe that it was a loan she acquired from the Respondent, there is nothing on the record to indicate that this deposit was made by the Respondent Bank as a loan to her.

• It was further submitted that for the Respondent Bank to switch to overdrafts, it did not act professionally, that the trial court, carried away by compound interest, which was not in dispute, overlooked the fundamental term of the contract of loans and not overdrafts; and that a departure from this term meant that the Respondent Bank was in breach of the contract.

More Definitions of respondent bank

respondent bank means the bank or financial institution, outside Singapore to whom correspondent banking or other similar services in Singapore are provided;

respondent bank means a financial institution for which correspondent banking services are provided;

respondent bank means a bank that receives banking services from a correspondent bank;

respondent bank means the bank or financial institution outside Brunei Darussalam to whom correspondent banking services in Brunei Darussalam are provided; and

respondent bank means the bank or financial institution outside Pakistan to whom correspondent banking services in Pakistan are provided and viceversa;