https://www.taxtmi.com/caselaws?id=171310 A banking company carrying on regulated banking business is not a "moneylender" under the Assam Money Lenders Act, 1934 unless the statute clearly and expressly includes banks. Reading the Assam Act purposively with the Banking Regulation Act, 1949, the Supreme Court held that the State law was aimed at private moneylending, not banking institutions operating within the central regulatory regime. The bank's suit for recovery of the loan was therefore maintainable without registration or a licence under the Assam Act. en-us Wed, 09 Aug 2000 00:00:00 +0530 Thu, 16 Jul 2015 12:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171310 A banking company carrying on regulated banking business is not a "moneylender" under the Assam Money Lenders Act, 1934 unless the statute clearly and expressly includes banks. Reading the Assam Act purposively with the Banking Regulation Act, 1949, the Supreme Court held that the State law was aimed at private moneylending, not banking institutions operating within the central regulatory regime. The bank's suit for recovery of the loan was therefore maintainable without registration or a licence under the Assam Act. Case-Laws Indian Laws Wed, 09 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171310