M/S Glasswood Realty Pvt Ltd And Ors vs Chadravilas Kailashkumar Kothari on 6 December, 2021
He points out that
in Ladymoon Towers Pvt. Ltd. and Glasswood Realty (P) Ltd. v.
Chandravilas Kailashkumar Kothari4, the High Courts at Calcutta and
Bombay, respectively, dealt with suits where the plaintiffs therein
extended a "friendly loan" to the defendants. However, those judgments
are not applicable in the present case, as the alleged loan transaction
here is supported by mercantile documents and also carries an interest.