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V.S. Datey on Companies Act, 2013
  • Liability of borrower u/s 185

    by Karan on Friday, January 03, 2020 at 01:58 PM

    Sir, If lending Company give loan which violates section 185, will borrower company be also liable for that u/s 185(4)(iii)?

    Replied byV.S. Datey Saturday, January 04, 2020 at 12:31 PM

    why? how borrower know about fault of lender? and why he should bother? V S Datey

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