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The Money-Lenders Act, 1933

Section 6Bar to recovery of interest exceeding the principal

In force

s. 6

6. Bar to recovery of interest exceeding the principal No Court shall, in respect of any loan made after the commencement of this Act, decree on account of arrears of interest a sum grater than the principal of the loan.

End of s. 6.

Read the contents: The Money-Lenders Act, 1933