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[Cites 0, Cited by 3] [Section 25] [Entire Act]

State of Gujarat - Subsection

Section 25(2) in The Bombay Money Lenders Act, 1946

(2)Notwithstanding anything contained in any law for the time being in force, no agreement between a money-lender and a debtor for payment of interest at rates exceeding the maximum rates fixed by title [State] [Sub-section (3) was added by Bombay 57 of 1949, section 4.] Government under sub-section (1) shall be valid and no Court shall in any suit to which this Act applies award interest exceeding the said rates.