Can a pvt.ltd. company loss set off with directors loan

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..... Can a pvt.ltd. company loss set off with directors loan
Query (Issue) Started By: - Ramesh Prasad Dated:- 24-4-2015 Last Reply Date:- 25-4-2015 Corporate Laws / SEBI / LLP
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..... ies Law
Dear All Expert, ABC pvt. ltd. company have loss ₹ 50,00,000 and Directors loan outstanding ₹ 40,00,000.Can we set off the loss with directors loan and carry forward the loss .....

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..... ₹ 10,00,000 (50,00,000 - 40,00,000).What are related sections of company laws in this regard. Reply By MARIAPPAN GOVINDARAJAN: The Reply: in my view it cannot be done.
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