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    <title>2010 (12) TMI 1351 - BOMBAY HIGH COURT</title>
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    <description>A preliminary objection to a suit for recovery of interest or damages was assessed on the plaint averments alone. A single friendly advance by cheque, with repayment of principal and no material showing habitual lending or a money-lending business, was treated as insufficient to invoke the Bombay Money Lenders Act, 1946. An isolated advance does not, by itself, attract the statutory bar, and a claim for interest does not convert the suit into one based on illegal money lending. The revisional court found no illegality or material irregularity in rejecting the objection, so the suit was allowed to proceed on its merits.</description>
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    <pubDate>Fri, 10 Dec 2010 00:00:00 +0530</pubDate>
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      <title>2010 (12) TMI 1351 - BOMBAY HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=309260</link>
      <description>A preliminary objection to a suit for recovery of interest or damages was assessed on the plaint averments alone. A single friendly advance by cheque, with repayment of principal and no material showing habitual lending or a money-lending business, was treated as insufficient to invoke the Bombay Money Lenders Act, 1946. An isolated advance does not, by itself, attract the statutory bar, and a claim for interest does not convert the suit into one based on illegal money lending. The revisional court found no illegality or material irregularity in rejecting the objection, so the suit was allowed to proceed on its merits.</description>
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      <pubDate>Fri, 10 Dec 2010 00:00:00 +0530</pubDate>
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