Application of section 295 to book debts: transactions in substance constituting loans or advances are treated accordingly. Section 295 applies to any transaction represented by a book debt when that debt was from its inception in the nature of a loan or an advance, treating such book-debt transactions under the statutory regime for loans and advances.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Application of section 295 to book debts: transactions in substance constituting loans or advances are treated accordingly.
Section 295 applies to any transaction represented by a book debt when that debt was from its inception in the nature of a loan or an advance, treating such book-debt transactions under the statutory regime for loans and advances.
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