Occasional Money Lending Doesn’t Qualify as Business Under West Bengal Money Lenders Act, 1940

Sajjan Kumar Agarwala Vs Stellar & Anr. (Calcutta High Court) The Hon’ble Single bench of Calcutta high court in this case was dealing with a situation where the plaintiff claimed outstanding amount of Rs 25 lacs which was paid to the defendants and where the cheque which was given in repayment of loan was dishonoured and upon suit having been filed of recovery of the said sum along with the interest, the defendant claimed that the plaintiff did not had money lending business license under the said Act. The court while examining such plea looked into an aspect that whether the lending wa...