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Corporate Law | Loan Can Be ‘Deposit’ Under MPID Act Regardless of Nomenclature: SC

30 Sept 2026 · 30 Sept 2026By CA Sandeep KanoiSource: TaxGuru

Supreme Court holds nomenclature as loan is irrelevant if transaction satisfies ‘deposit’ under MPID Act; private recipients can be financial establishments. The post Loan Can Be ‘Deposit’ Under MPID Act Regardless of Nomenclature: SC appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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