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Cash advance in business deals not moneylending SC Indian Express via Yahoo India News
Businessmen can lend money or advances to their suppliers for ensuring regular supply of goods and such an act cannot be termed as illegal or classified as a moneylending act, the Supreme Court held on Wednesday. A Bench comprising Justices A K Mathur and Markandeya Katju said that often businessmen give money to their suppliers in advance to ensure that the supplies are regular and are made to ...
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Yahoo: World: Cash advance in business deals not moneylending SC Indian Express via Yahoo India News
Date Listed : Saturday, November 10, 2007
Source : Yahoo World, Yahoo! News: World News
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