The Hyderabad High Court said that the amount lent by the
moneylender to the borrower is not recoverable if such money is ‘unaccounted
for’ money or he does not possess any licence for doing moneylending business,
and the offence punishable under Section 138 of the Negotiable Instruments Act,
1881, and the court held that the amount lent by complainant to the accused is
unaccounted money as the complainant did not possess any licence for doing
moneylending business.
INDIAN
EXPRESS NEWSPAPER
No comments:
Post a Comment