Section 4

Insolvency proceedings.

The Usurious Loans Act, 1918

  • Act 10 of 1918
  • Ministry of Finance
  • Department of Economic Affairs
About this Act

It is expedient to give additional powers to Court to deal in certain cases with usurious loans of money or in kind;

All sections
    On any application relating to the admission or amount of a proof of a loan in any insolvency proceedings, the Court may exercise the like powers as may be exercised under section 3 by a Court in a suit to which this Act applies.

Source: India Code (Legislative Department, Govt. of India). Check the official Gazette before relying on it in court. Not legal advice. Free legal aid: 15100 (NALSA) · Know your rights

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