Denial of Loan Liability Held “Dishonest” After TDS Deposit: Calcutta HC

K.P. Credit and Traders Pvt. Ltd. Vs Shri Anurag Rungta (Calcutta High Court) The Calcutta High Court dealt with an appeal filed by the plaintiff against an order dated January 31, 2025 passed by a learned Single Judge dismissing the plaintiff’s application for injunction and attachment in a commercial suit for recovery of money lent and advanced. The appellant contended that it had advanced money to the respondent and relied upon documents showing that the respondent had deducted tax at source (TDS) on account of the appellant and deposited the same with the Income Tax authorities. Accordin...