https://www.taxtmi.com/caselaws?id=197141 Relief under the Usurious Loans Act, 1918 required proof of both excessive interest and substantial unfairness, and neither was established: the record supported the finding that the rates charged were reasonable, and the adverse features relied on were too trivial to make the transaction as a whole substantially unfair. Relief under the Bihar Money-lenders (Regulation of Transactions) Act, 1939 was also unavailable because Section 6 did not apply to loans advanced before commencement, Section 7 applied to the document sued on rather than an earlier document, and Section 8 was discretionary and showed no basis for reopening the transaction or taking accounts. en-us Thu, 23 Dec 1948 00:00:00 +0530 Thu, 28 Dec 2017 17:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197141 Relief under the Usurious Loans Act, 1918 required proof of both excessive interest and substantial unfairness, and neither was established: the record supported the finding that the rates charged were reasonable, and the adverse features relied on were too trivial to make the transaction as a whole substantially unfair. Relief under the Bihar Money-lenders (Regulation of Transactions) Act, 1939 was also unavailable because Section 6 did not apply to loans advanced before commencement, Section 7 applied to the document sued on rather than an earlier document, and Section 8 was discretionary and showed no basis for reopening the transaction or taking accounts. Case-Laws Indian Laws Thu, 23 Dec 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197141