Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Exemption u/s. 11 - nature of microfinance activity carried on by the appellant - relief to poor - business activists or not? - charging 50% higher rate of interest - the argument advanced by the Ld. DR that micro financing activity is merely a money lending activity without any charitable object cannot be accepted. - Benefit of exemption u/s 11 allowed - AT
Exemption u/s. 11 - nature of microfinance activity carried on by the appellant - relief to poor - business activists or not? - charging 50% higher rate of interest - the argument advanced by the Ld. DR that micro financing activity is merely a money lending activity without any charitable object cannot be accepted. - Benefit of exemption u/s 11 allowed - AT
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