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ANDHRA PRADESH HIGH COURT
Year of decision: 2006
Details
Negotiable Instruments Act, 1881, Section 138-- Dishonour of cheque - Legally enforceable debt - Money financing business - Complainant doing finance business and having a Pvt. Ltd. Co. - But in the instant case loan given in his individual capacity - It was not elicited from complainant that he is financing to may others including the accused..........
ANDHRA PRADESH HIGH COURT
Year of decision: 2006
Details
Negotiable Instruments Act, 1881, Section 138-- Dishonour of cheque - Legally enforceable deft - Money lending business alleged - If a person is advancing money casually and not professional money-lender, there is no necessity for obtaining any licence and in that event the debt is legally enforceable...........

Showing : 1-2 of 2 Results