Lend And Loan
Legal definition for Indian law research
Definition
Lend and loan, to deliver to another a thing for use on condition that the thing lent shall be returned with or without compensation for the use made of it by the person to whom it was lent, Ram Ratan Gupta v. Director of Enforcement, Foreign Exchange Regulation, (1966) 1 SCR 651: AIR 1966 SC 495 (496). [Foreign Exchange Regulation Act, 1947, s. 4(1)]
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