[Regarding Overdraft Treatment]

Summary

This one-page letter, dated 23 June 1962 and addressed to the Deputy Manager of the Central Bank of India Limited in Bombay, concerns the repayment of an overdraft associated with the Swatantra Party. The writer explains that a prior bank letter arrived after Raja Bahadur Kamakhya Narain Singh had left India for Europe, and states that repayments had previously been made by the party’s Central Office.

Key points

• The correspondence concerns an overdraft account held by or associated with the Swatantra Party.
• The letter refers to an earlier bank communication numbered O/D 5064 and dated 12 June 1962.
• Raja Bahadur Kamakhya Narain Singh was in Europe when the earlier communication was received.
• Repayments had previously been made by the Swatantra Party’s Central Office through the bank.
• The writer notes that the June instalment had not yet been paid.
• A copy was forwarded to M. R. Masani, identified in the annotation as the Swatantra Party’s General Secretary, for immediate action.