https://www.taxtmi.com/caselaws?id=194457 The court rejected the petition, emphasizing the need for detailed evidence to determine the petitioner's status as a money lender and the nature of the transaction. It clarified that the observations made were solely to assess the respondent's bona fide defense. The court stated that if the petitioner initiates a civil suit, the proceedings will be adjudicated independently. en-us Thu, 29 Aug 2013 00:00:00 +0530 Fri, 08 Sep 2017 16:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194457 The court rejected the petition, emphasizing the need for detailed evidence to determine the petitioner's status as a money lender and the nature of the transaction. It clarified that the observations made were solely to assess the respondent's bona fide defense. The court stated that if the petitioner initiates a civil suit, the proceedings will be adjudicated independently. Case-Laws Companies Law Thu, 29 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194457