https://www.taxtmi.com/caselaws?id=97458 The appeal was dismissed with costs, affirming the trial court's decree in favor of the plaintiff for Rs. 1,53,665-2-0 with pendente lite and future interest at 3 percent per annum. The court found the transaction to be a binding loan, negotiated on behalf of the defendant, and supported by the doctrines of internal management, benefit, and ratification. en-us Fri, 21 Dec 1956 00:00:00 +0530 Mon, 16 Jan 2012 17:36:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97458 The appeal was dismissed with costs, affirming the trial court's decree in favor of the plaintiff for Rs. 1,53,665-2-0 with pendente lite and future interest at 3 percent per annum. The court found the transaction to be a binding loan, negotiated on behalf of the defendant, and supported by the doctrines of internal management, benefit, and ratification. Case-Laws Companies Law Fri, 21 Dec 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97458