Bare ActsThe Tamil Nadu Prohibition of Charging Exorbitant Interest Act, 2003

Section 8

The Court may, on a petttion filed by the debtor for settlement of loan tncludlng the interest irlterest

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

The Court may, on a petttion filed by the debtor for settlement of loan tncludlng the interest irlterest. therefor, pass an order for the adjustment of the tnterest, if any, paid by the debtor, over and above the rate of rnterest fixed by the Government under sectton 7 of the Money-lenders Act, towards the loan. Abetment of

Section 8 – The Tamil Nadu Prohibition of Charging Exorbitant Interest Act, 2003 | DailyLaw.ai