Banking Regulation Act, 1949
21A. [ Rates of interest charged by banking companies not to be subject to scrutiny by Courts. [Inserted by Act ... Section 24 (w.e.f. 15.2.1984).]
Notwithstanding anything contained in the Usurious Loans Act, 1918 ( 10 of 1918 ), or any other law relating to indebtedness
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 ... usurious rates of interest
by depriving the debtors of their right to claim relief
under the provisions of the Usurious Loans Act or similar
State
Act, 1918
3. Re-opening of transactions.
(1) Notwithstanding anything in the Usury Laws Repeal Act, 1855, where, in any suit to which this Act ... alter any security given or agreement made in respect of any loan, and if the creditor has parted with the security, order him to indemnify
Loans Act, 1918 (10 of 1918), s. 3, as amended by
s. 5 of Punjab Relief of Indebtedness Act-Section 6 of
latter Act making ... Usurious Loans Act, as amended by s. 5 of the Punjab
Relief of Indebtedness Act, when the latter Act was extended
to Delhi on June
Agriculturists Relief Act, 1938 (Act No. 4 of 1938) hereinafter called 'the Rajaji Act' and also the Usurious Loans Act (Act ... reopening of the loan transaction on other grounds....
24. We must observe that the question of the applicability of Usurious Loans Act, 1918 , to debts
Appellant if the loan transaction was substantially unfair. Counsel on both sides submitted that it is not the Central Usurious Loans Act that ... 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
Usurious Loans Act, 1918 as applicable to Delhi. Section 2(iii) of the said Act defines the expression 'suit to which this Act applies ... this Act in respect of any loan made either before or after the commencement of this Act.
Section 3 of the Act is relevant
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
