also uses the word 'loan'. Since the word 'loan' is
defined in the Act, 1961, it is logical that the word ... issued by the
defendant towards repayment of loan, takes away the
transaction from the ambit of loan defined under
also uses the word 'loan'. Since the word 'loan' is
defined in the Act, 1961, it is logical that the word ... defendant towards repayment of loan, takes away the
transaction from the ambit of loan defined under
Sections 2(9)(f) and 10 of the Bombay
Kedia placed reliance on the definition of the
word "loan" as defined in Section 2 (13) of the Act. Placing
reliance on this ... Bombay
Money Lenders Act is not well founded. Section 2(9) defines a
loan to mean an advance at interest whether of money
loan.' Sub-section (9) of Section 2 of the Act defines a loan' as follows:
" 'Loan' means an advance ... tainted with immorality ; that the debt was not a loan as defined in the Debt Redemption Act , consequently, the objectors were not entitled
defines loan as an
advance of money for daily vatti, hourly vatti, kandhu vatti, meter
vatti or thandal. The term loan has been defined ... would cover the term “loan” being advanced by the money
lender, the definition of “loan” as defined under Section 2(6) of
the Tamil Nadu
loans,
iii). Does not renew any existing
loan, nor advanced any fresh
loan
b). a bonafide assignment by a money
lander of a single loan ... also the
term loan given by the plaintiff to the defendant does not fall within
the definition of loan as defined under
payment on due date."
and submitted that the concept of loan as defined above is altogether different. Insofar as Section ... been advanced by the complainant cannot be said to be a loan as defined under the Andhra Pradesh (Telangana Area) Money Lenders Act, 1349 Fasli
person who in the regular
course of business advances a loan as defined in this Act
and it includes his legal representatives and successors ... person
who, in the regular course of business advances a loan as
defined in this Act and it includes, subject to the
provisions
Commissioner Of Income-Tax vs Vijay Ship Breaking Corporation on 20 March, 2003
Equivalent citations
suit for recovery of the amount in question should be dismissed. Loan is defined under Section 2 (4) of the Hyderabad Money Lenders ... evidence in this regard. Therefore, the suit transaction is not a loan as defined in the Act and consequently the plaintiff need not have
