14/12/2022 02:32 PM | Click to read full article
Justice Bechu Kurian Thomas while quashing the FIR registered against M/S Aditya Finance, a hire-purchase business entity regulated under the Kerala Money Lenders Act, 1958 said, "A licensee of a running business establishment who had applied for renewal of his license, cannot be asked to wait indefinitely until the authority takes a decision. If the licensee has to stop his running business until a decision is taken, it will disrupt the business."