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[Cites 0, Cited by 1] [Section 17] [Entire Act]

State of Maharashtra - Subsection

Section 17(1) in Maharashtra Money-Lending (Regulation) Act, 2014

(1)If upon the inspection of record and documents made under section 16, the inspecting officer is satisfied that the money-lender is in possession of property pledge to him by a debtor as security for the loan advanced by money-lender in the course of his business of money-lending without a valid licence, the inspecting officer shall require the money-lender to deliver forthwith the possession of such property to him.