Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding anything contained in any law for the time Reopening of being in force, the court shall, in any suit to which this Act applies, whstlhgy tratrssctiors. heard ex-prate or otherwise,- 17 Procedure of Court (a) a Court shall, before deciding the.claim on and decide the issue whether the Money-Lender has com merits. fi_ame i.r suits regarding _ loatrs. plred wlth the (c)reduce the emount charged to the debtor in respect of any excessive interest; ,! l8 ?Ze GaJbat t%on4t-Iezderc,4c4 20/1 [2011 : Gui. (d)if on taking accounts, it is found that the Money-Lender has received more t}ran what is due to him, pass a decree in favow of the debtor in respecf ofsuch unount: Provided that in the exercise of these powers, the court shall not- (i)reopen any adjustnent or agreement purporting to elose previous dsalings and to create new obligations which have been entrusted into by the parties or any person through whom they claim at a date more thal six years from the date of the suit, (ii)do anlthing which affects any decree of a court Explanation,- For the purpose of this section, "excessive interest" means interest at a rate which contravenes any of the provisions of section