https://www.taxtmi.com/caselaws?id=417539 A documented loan transaction supported by memoranda of understanding, post-dated cheques, a confirmation of accounts and security arrangements was treated as a commercial dispute under the Commercial Courts Act, 2015 because it was a mercantile, not informal, advance. The Court also held that the admitted receipt of the principal sum, agreed interest, repeated cheques, account confirmation and cheque dishonour amounted to clear admissions of liability, leaving no triable controversy on the admitted claim. On that basis, a decree on admission under Order 12 Rule 6 CPC was warranted, with costs, while the injunction request was left to be pursued in accordance with law. en-us Tue, 11 Jan 2022 00:00:00 +0530 Wed, 26 Jan 2022 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417539 A documented loan transaction supported by memoranda of understanding, post-dated cheques, a confirmation of accounts and security arrangements was treated as a commercial dispute under the Commercial Courts Act, 2015 because it was a mercantile, not informal, advance. The Court also held that the admitted receipt of the principal sum, agreed interest, repeated cheques, account confirmation and cheque dishonour amounted to clear admissions of liability, leaving no triable controversy on the admitted claim. On that basis, a decree on admission under Order 12 Rule 6 CPC was warranted, with costs, while the injunction request was left to be pursued in accordance with law. Case-Laws Indian Laws Tue, 11 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417539