Bare ActsThe Gujarat Money Lenders Act 2011

Section 31

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(l) Ary debtor may make an application in prescribed form at any olo,c 1""?uoo time to the Court, whether the loan has or has not become payable, for and declaring ;h" ;;;;, " taking accounts and for declaring the amount due to the Money-Lender. due. (2) On receipt of such application" the Court shall cause a notice of the application to be given to the Money-Lender. ::==E:..fr:=+-.--,,. i I ^_, 2011 : Gqi. 14l The Gujarut Money-Le.nders Act, 2011 CHAPTER VIII RATES OF INTEREST, ASSIGMES, ETC. i9 Limitation otr rate ofinter€st :r\ ,?. Q) On tne date flxed tor {rc \e,anng of lne ap$rca\on ar on sus\ date to ,wKch the heanng may be adlorxned ftom tune to tuoe, the Court shall make an inquiry and shal1, after taking an accormt of the tansactions between the parties, pass al order declaring the amount, if any, still payable by the debtor to the Money-Lender in respect of the principal and interest, if any. In taking accounts under this sectioq the Court shait, so far as may be, have regard to the provisions of sections 2l to.30 and sections j3 to 37 .

Section 31 – The Gujarat Money Lenders Act 2011 | DailyLaw.ai