Courts. [Inserted by Act 1 of 1984, Section 24 (w.e.f. 15.2.1984).]
Notwithstanding anything contained in the Usurious Loans Act
Section 21-A in the Banking Regulation Act,
1949 by Banking Loans (Amendment) Act, 1983
(Act No. 1 of 1984), courts are precluded from
subjecting ... added Section 21-A of the Banking Regulation
Act made the provisions of the Usurious Loans Act, 1918 ,
inapplicable to a transaction of loan between
Section 3 in The Usurious Loans Act, 1918
3. Re-opening of transactions.
(1) Notwithstanding anything in the Usury Laws Repeal Act, 1855, where
SC1247 (24)
RF 1991 SC1654 (44)
ACT:
Usurious Loans Act, 1918 (10 of 1918), s. 3, as amended by
s. 5 of Punjab Relief ... provided :-
"5. Amendment of the Usurious Loans Act,
1918 .-
In section 3 of the Usurious Loans Act
Agriculturists Relief Act, 1938 (Act No. 4 of 1938) hereinafter called 'the Rajaji Act' and also the Usurious Loans Act (Act ... effect of Section 21-A of Banking Regulations Act on the applicability of Usurious Loans Act, 1918 , and if the said Act is held attracted
Central Usurious Loans Act that is in force in the old Mysore area, but the Mysore Usurious Loans Act, 1923 which is still in operation ... rely upon the Mysore Usurious Loans Act, 1923. This Act is more or less similar to the Central Act. Under Section 3(1) , the Court
conditions precedent are satisfied, reopen the transaction while acting under Section 3 of The Usurious Loans Act, 1918. When a decree is passed in such ... interest contemplated under The Usurious Loans Act, 1918 . It may be noted that Section 3 of The Usurious Loans Act, 1918 contains a non-obstante
Section 2 in The Usurious Loans Act, 1918
2. Definitions.
- In this Act, unless there is anything repugnant in the subject or context, - (1) "Interest
Section 4 in The Usurious Loans Act, 1918
4. Insolvency Proceedings.
- On any application relating to the admission or amount of a proof
Act, 1949, as inserted by Amending Act 1 of 1984, the Parliament injuncted the Courts from giving relief under the provisions of Usurious Loans Act ... Usurious Loans Act (Act 10 of 1918) in juxtaposition with S. 21-A of the Regulation Act, 1949 insofar as it is relevant