The Usurious Loans Act, 1918

( ACT NO. X OF 1918 )

[ 22nd March, 1918 ]
An Act to give additional powers to Courts to deal in certain cases with usurious loans of money or in kind.

 
WHEREAS it is expedient to give additional powers to Courts to deal in certain cases with usurious loans of money or in kind; It is hereby enacted as follows:-
 
 
 

CONTENTS

SECTIONS

1.Short title and extent

2.Definitions

3.Re-opening of transactions

4.Insolvency proceedings