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State of Madhya Pradesh - Section

Section 9 in The M.P. Moneylenders Act, 1934

9. Power of Court to limit interest recoverable in certain cases.

- Notwithstanding anything contained in any other enactment for the lime being in force, no Court [original or appellate] [Inserted by C.P. and Berar Act No 24 of 1937.] shall decree, in respect of any loan made before this Act comes into force, on account of arrears of interest, a sum greater than the principal of such loan [x x x] [Omitted by C.P. and Berar Act No. 18 of 1939.],