HIGH COURT, HYDERABAD HIGH COURT, Lawyers, lawyers in hyderabad, legal services in hyderabad

MONEY LENDER CAN’T REIMBURSE THE LIABILITY, IF THE MONEY WHICH HE HAS GIVEN WAS NOT SHOWN IN IT RETURNS

The Hyderabad High Court has dismissed a petition filed by a private banker to take action under Section 138 of the ‘Negotiable Instrument Act’ on a person who did not repay the loan amount of Rs 2 lakh and ruled that a person who took the money cann’t be legally charged by the money lender, if the money lender didn’t shown that money in his IT returns.

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ANDHRAJYOTHY NEWSPAPER

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