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non charging of interest on loan by a nbfc company

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(Querist)
12 May 2010 tell me the case relation to NBFC company for non charging of interest on loan given by it and now case is in process
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
12 May 2010 Please add also it above query.
Whether in this case, the person who got Interest free loan can also be liable for any inquiry or proceedings. Can it's case also be open ?
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KAVITA GARG

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KAVITA GARG (Querist)
12 May 2010 no not such type of any proceeding can be ,but we have asked to the commissioner that the loan receiver is not in condition so that can pay interest but they are not agree at this point now we have appealed in tribunal
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
12 May 2010 We have entered in same tranaction in current year. what type of doucments at Loan Reciever end we should have for future use.
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