Calcutta High Court Refuses Threshold Rejection of ₹65 Lakh Recovery Suit, Holds Commercial Nature of Financial Transaction Requires Trial
Introduction: The Calcutta High Court has held that a money-recovery suit instituted by a company cannot be rejected at the threshold merely because the plaint does not expressly refer to a written agreement or mercantile document evidencing the underlying financial transaction. The Court emphasised that where the pleadings and documents disclose an arguable case and […]