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nia 138

(Querist) 29 November 2014 This query is : Resolved 
Complainent have given money through cheque on interest and put a case of nia138 can he do so without having money lending licence in punjab
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kush (Querist) 29 November 2014
Complainant has given money as loan and give money on interest by cheque to many persons and firms
ajay sethi (Expert) 29 November 2014
in civil suit you can raise defence that plaintiff does not have money lender licence . in 138 Ni proceedings complaint is maintainable
kush (Querist) 29 November 2014
But I have been told that in the Bombay high court 138 is dismissed in nanda case
kush (Querist) 29 November 2014
But I have been told that in the Bombay high court 138 is dismissed in nanda case
Rajendra K Goyal (Expert) 29 November 2014
case is maintainable.
R.K Nanda (Expert) 29 November 2014
he cannot do it without money lending licecse. bombay hc order in nanda case supports this.
Devajyoti Barman (Expert) 29 November 2014
Yes, it is maintainable.
kush (Querist) 29 November 2014
But about money lending act then

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