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1993 Supreme(Bom) 331

V.A.MOHTA
Nandram Kaniram and others – Appellant
Versus
N. B. Rahatekr – Respondent


JUDGMENT - V.A. MOHTA, J.:-Dr. N. B. Rahateker, M.B.B.S., D.O.R.S., carrying on medical profession in the city of Pune (the plaintiff) entered into the following transaction with a trading firm Messrs. Nandram Kaniram, through its proprietor Vithaldas Kaniram Bajaj, carrying on business in the city of Pune (the defendant).

Plaintiff paid a sum of Rs. 15,000/- to the defendant through a cheque dated 24th June 1976 through a Hundi Dalal. On that day the defendant gave a post-dated cheque for Rs. 15.000 dated 22nd September 1976, and a cheque for Rs. 562/- representing interest on Rs. 15,000 for a period of 90 days.

2. It is common ground that this is not the only transaction of this nature between the parties. During last seven years, such transactions were entered into by plaintiff with some others traders. Total of these transactions was 6 or 7. Basic question that arises in this second appeal is whether the plaintiff could be said to carry on "the business of money-lending" so as to bring him within the definition of the term "Money-lender" as per section 2(10) of the Bombay Money-Lenders Act (the Act), and whether the transaction amounted to "loan" as defined under sectio















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