Unlicensed Money Lender Cannot Obtain Recovery Decree: Calcutta HC

Smt. Sudha Kankaria Vs Smt. Bhavya Bothra (Calcutta High Court) Money Recovery Suit Dismissed Because Lender Failed to Produce Licence Under Bengal Money Lenders Act; Calcutta HC Relies on Income Tax Returns to Hold Plaintiff Was Engaged in Money-Lending Business; Earlier Admission About Licence Requirement Operated as Res Judicata; Money Recovery Decree Set Aside Because Plaintiff Admitted Applying for Money-Lending Licence: Calcutta HC In, the appeal before the Calcutta High Court challenged a trial court decree passed in a suit for recovery of money lent and advanced. The appellant contende...