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![Pledge Shares to Support Sister Concern’s Loan is Business Activity: Madras HC Backs Writing off of ₹8.46 Crore Bad Debt [Read Order]](https://images.taxscan.in/h-upload/2025/06/08/500x300_2041692-pledge-shares-support-sister-loan-is-business-activity-madras-hc-writing-off-bad-debt-taxscan.webp "Pledge Shares to Support Sister Concern’s Loan is Business Activity: Madras HC Backs Writing off of ₹8.46 Crore Bad Debt [Read Order]")
Pledge Shares to Support Sister Concern’s Loan is Business Activity: Madras HC Backs Writing off of ₹8.46 Crore Bad Debt [Read Order]
The Madras High Court has upheld the write-off of ₹8.46 crore as a valid business loss ruling that pledging shares to secure a loan for a sister...