Lawgist.Download the App Now!
Get our Android app for fast and offline Access.
We heard you! Soon we are bringing you the biggest update yet with Updated & New acts, all Central and State acts, the Constitution of India, and a dedicated Mobile App! 🚀
1[21A. Rates of interest charged by banking companies not to be subject to scrutiny by
courts.--Notwithstanding anything contained in the Usurious Loans Act, 1918 (10 of 1918), or any
other law relating to indebtedness in force in any State, a transaction between a banking company and
its debtor shall not be re-opened by any Court on the ground that the rate of interest charged by the
banking company in respect of such transaction is excessive.]
Download our fully-offline, High speed android app.- Click here
1. Ins. by Act 1 of 1984 s. 24 (w.e.f. 15.2.1984).