( 1 ) THIS applicant, namely Sri D. Dhananjaya rao, is the Proprietor of M/s. Ganesh industries, Ganapavaram. The applicant states that qne Sri Kata Adinarayana, who is in cotton business, introduced him to the 1st respondent, namely Bank of India, Kothapet branch (hereinafter referred to as the bank ), who had sanctioned cash credit loan to the tune of Rs. 20,00,000/- in the name of m/s. Ganesh Industries, for carrying on cotton trade. At the time of sanction of loan, the applicant states that he opened an account bearing No. CC-220336, and one sri T. Harinarayana, Deputy Manager in the bank, had taken blank signed cheque book from him. Thereafter, an amount of rs. 3,000/- was debited to his loan Account towards processing and stamp charges on 2-3-2002.

( 2 ) ACCORDING to the applicant, as per the norms and procedures, of the Bank, the loanee has to furnish the bills for withdrawing the money from the cash credit loan account, but in the case of his cash credit loan Account, without his furnishing any bills, the Bank debited various amounts to his cash credit loan Account - Rs. 10,00,000/- on 8-3-2003 vide Cheque Nos. 2341651 and 2341652 for Rs. 6,00,000/- and rs.