loan for fixed term, repaid within two years of the date of the taking of the loan, or, if it is a loan ... secured loan of the same class in force at the time the loan was taken. 30. Rate of interest on undecreed loans taken before this
also uses the word 'loan'. Since the word 'loan' is
defined in the Act, 1961, it is logical that the word ... issued by the
defendant towards repayment of loan, takes away the
transaction from the ambit of loan defined under
also uses the word 'loan'. Since the word 'loan' is
defined in the Act, 1961, it is logical that the word ... defendant towards repayment of loan, takes away the
transaction from the ambit of loan defined under
Sections 2(9)(f) and 10 of the Bombay
Kedia placed reliance on the definition of the
word "loan" as defined in Section 2 (13) of the Act. Placing
reliance on this ... Bombay
Money Lenders Act is not well founded. Section 2(9) defines a
loan to mean an advance at interest whether of money
loan.' Sub-section (9) of Section 2 of the Act defines a loan' as follows:
" 'Loan' means an advance ... tainted with immorality ; that the debt was not a loan as defined in the Debt Redemption Act , consequently, the objectors were not entitled
defines loan as an
advance of money for daily vatti, hourly vatti, kandhu vatti, meter
vatti or thandal. The term loan has been defined ... would cover the term “loan” being advanced by the money
lender, the definition of “loan” as defined under Section 2(6) of
the Tamil Nadu
loans,
iii). Does not renew any existing
loan, nor advanced any fresh
loan
b). a bonafide assignment by a money
lander of a single loan ... also the
term loan given by the plaintiff to the defendant does not fall within
the definition of loan as defined under
society or to any other society, in respect of any loan or loans taken by him for such period as is specified ... disqualification mentioned in this sub-section. (5) (a) No money-lender as defined in the Rajasthan Money-Lenders Act, 1964, shall be eligible for being
payment on due date."
and submitted that the concept of loan as defined above is altogether different. Insofar as Section ... been advanced by the complainant cannot be said to be a loan as defined under the Andhra Pradesh (Telangana Area) Money Lenders Act, 1349 Fasli
financial company.
14.2 Direction 2(1)(i) of the above Directions defines "loan company" to mean any company which is a financial institution ... banking financial company. This is distinguished from a loan company, which has been defined in directions 2(1)(i) of the above Directions to mean
