https://www.taxtmi.com/caselaws?id=192351 The Maharashtra Debt Relief Act was held constitutionally valid as a permissible social-welfare regulation that may, by legitimate state policy, derecognize exploitative lending practices as protected commerce and curb predatory moneylending; this sustains the statute's reasonableness and publicinterest purpose and results in the dismissal of challenges. The Court also held the Debt Act can coexist with the Gold Control Act by harmonious construction, directing enforcement agencies to coordinate so that formalities under the Gold Act do not frustrate debtrelief processes, and urging prompt state measures to implement alternative credit and avoid procedural harassment of beneficiaries. en-us Fri, 28 Jan 1977 00:00:00 +0530 Fri, 06 Feb 2026 18:14:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192351 The Maharashtra Debt Relief Act was held constitutionally valid as a permissible social-welfare regulation that may, by legitimate state policy, derecognize exploitative lending practices as protected commerce and curb predatory moneylending; this sustains the statute's reasonableness and publicinterest purpose and results in the dismissal of challenges. The Court also held the Debt Act can coexist with the Gold Control Act by harmonious construction, directing enforcement agencies to coordinate so that formalities under the Gold Act do not frustrate debtrelief processes, and urging prompt state measures to implement alternative credit and avoid procedural harassment of beneficiaries. Case-Laws Indian Laws Fri, 28 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192351