https://www.taxtmi.com/caselaws?id=168641 A retrospective remedial amendment under the Usurious Loans Act, as extended by the Punjab Relief of Indebtedness Act, applied to a mortgage suit that was still alive in appeal. The Court treated an appeal from a preliminary decree as a continuation of the suit, since the preliminary decree did not finally terminate the proceedings and the final decree depended on the appellate outcome. Because section 6 gave the amendment retrospective effect to pending suits, the appellate court was bound to reopen the transaction and apply the amended rule against excessive interest. No vested right prevented the amended law from operating at the appellate stage. en-us Fri, 14 Jan 1966 00:00:00 +0530 Thu, 19 Mar 2015 10:38:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168641 A retrospective remedial amendment under the Usurious Loans Act, as extended by the Punjab Relief of Indebtedness Act, applied to a mortgage suit that was still alive in appeal. The Court treated an appeal from a preliminary decree as a continuation of the suit, since the preliminary decree did not finally terminate the proceedings and the final decree depended on the appellate outcome. Because section 6 gave the amendment retrospective effect to pending suits, the appellate court was bound to reopen the transaction and apply the amended rule against excessive interest. No vested right prevented the amended law from operating at the appellate stage. Case-Laws Indian Laws Fri, 14 Jan 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168641