Bare ActsThe Maharashtra MoneyLending (Regulation) Act, 2014

Section 29

Power of Court to limit interest recoverable in certain cases.

Amendment status not verified — confirm the current text below against the official source.

Notwithstanding anything contained in any agreement or any law for the time being in force, no Court shall, in respect of any loan whether advanced before or after the date on which this Act comes into force, decree, on account of interest, a sum greater than the principal of the loan due on the date of the decree.

Section 29 – The Maharashtra MoneyLending (Regulation) Act, 2014 | DailyLaw.ai