https://www.taxtmi.com/caselaws?id=172245 The exclusion for debts due to a banking company under the Kerala Agriculturists' Debt Relief Act applied only if the debt had been incurred from a banking company before the Act commenced and was still due to that company on the commencement date. A debt that had originally belonged to a banking company but had vested by amalgamation in a subsidiary bank before commencement did not satisfy that test, so the exclusion did not operate. The Court read the Act as a beneficent measure and construed the exclusionary clauses narrowly. It also held that this interpretation was consistent with Article 14 because it preserved a rational classification linked to the Act's object. The respondent therefore remained entitled to relief under the Act. en-us Fri, 21 Aug 1981 00:00:00 +0530 Mon, 17 Aug 2015 15:34:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172245 The exclusion for debts due to a banking company under the Kerala Agriculturists' Debt Relief Act applied only if the debt had been incurred from a banking company before the Act commenced and was still due to that company on the commencement date. A debt that had originally belonged to a banking company but had vested by amalgamation in a subsidiary bank before commencement did not satisfy that test, so the exclusion did not operate. The Court read the Act as a beneficent measure and construed the exclusionary clauses narrowly. It also held that this interpretation was consistent with Article 14 because it preserved a rational classification linked to the Act's object. The respondent therefore remained entitled to relief under the Act. Case-Laws Indian Laws Fri, 21 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172245