Legal Question in Business Law in India
sir, we have given some amount to our sister concern to cunstruct the godowns & we have an agreement to take the godown on rent basis for our current business. it has given only for the benifit of our current trading business. we have not charged any interest to the sister concern & against to that they have given us godowns on lower rents. so we want to know that, is there is any case law stating that funds given to sister concern for the use of the current business is eligible for interest or not.
Asked on 8/20/10, 3:28 am
1 Answer from Attorneys
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