https://www.taxtmi.com/caselaws?id=465189 A solitary friendly loan between individuals, even if interest-bearing, lacks the commercial flavour required for a dispute under the Commercial Courts Act, 2015. The Bombay HC treated the nature of the transaction as determinative and held that a loan without a mercantile or business nexus does not fall within Section 2(c), which is confined to ordinary transactions of merchants, bankers, financiers and traders. On that basis, the plaint was held not to disclose a commercial dispute, and the refusal to return it was unsustainable; the matter was to be presented before the appropriate civil court. en-us Mon, 06 Dec 2021 00:00:00 +0530 Wed, 10 Dec 2025 19:13:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465189 A solitary friendly loan between individuals, even if interest-bearing, lacks the commercial flavour required for a dispute under the Commercial Courts Act, 2015. The Bombay HC treated the nature of the transaction as determinative and held that a loan without a mercantile or business nexus does not fall within Section 2(c), which is confined to ordinary transactions of merchants, bankers, financiers and traders. On that basis, the plaint was held not to disclose a commercial dispute, and the refusal to return it was unsustainable; the matter was to be presented before the appropriate civil court. Case-Laws Indian Laws Mon, 06 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465189