10-mark question · Part C · Law of Investments and Securities
Ajay Ltd. borrowed Rs. 100 crore from Prem, without the authority conferred on it by the articles of association. Later, the money borrowed by Ajay Ltd. was used by its Board of Directors to pay off lawful debts of the company. In this scenario, Prem, the lender, seeks your advice for recovery of his money. Advise him.
Frequency
1×
papers in the bank
Marks
10
common OU pattern
Years
2014
Appeared in
- Law of Investments and Securities · June 2014 (New) Mapped paper Download
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