Amendment status not verified — confirm the current text below against the official source.
Subject to the provisions of sections 176 to 179 of Chapter IX of the Contract Acq 1872 or anything contained in any law for the time being rorrrz. in force, no Money-Lendgl 5hall dispose off any article taken fiom a debtor as a pawn, pledge or security for the loan advanced to him, before a period of two years from the date stipulated for final repayment of the loan. St3y of suits by Money-Lender trot holding valid registration. 26, (1) In every suit to which this Act applies filed by a Money-Lender after the appointed day or in every such suit pending before any court on the appointed day, the court shall consider'and decide the potlt whether such Money-Lender held a valid registration or not at the time when the loan to which the suit relates was advanced and if the Court flnds that such Money- Lender did not hold valid registration at that time, it shali dismiss the suit forthwith. (2) Nothing contained in sub-section (l) shall affect the poweni of a Court of Wards, or atr omci.al assipee, a receiver, or an administrator or a Court under the provisions ofthe Presidency Toms Insolvency Act, 1909, or the Provincial Lrsolvency Ac! 1920 or apy.other law in force correspondiag to thal Act, or of a liquidator under the Companies Ac! 1956, to realise the property of a Money-Lender. Itr of 1909. V of l9m. 'a I SuLsecioo (l) lras substird.d by Guj. tt of20l5, s 3 i,.rE*}!6r,- I of 1956- !r 2011 : Guj. 14 l The Gtjoat Money-Lenders Act, 20ll CHAPTER VII STIITS AND POWERS OF COTJRT