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1984 (2) TMI 363 - HC - Indian LawsExtract: .......ble to persuade myself to hold that the transaction in substance is a loan transaction within the meaning of Section 2(12) of the Bengal Money Lenders Act, 1940. This is a case of sale out and out. This is an absolute sale and not an ostensible sale. 37. In the result, the appeal fails and is dismissed. There will be, however, no order as to costs.
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