https://www.taxtmi.com/caselaws?id=200365 The court dismissed the Bank's appeal, affirming that charging compound interest on loans to agriculturists contradicts state laws. It held that Section 21-A of the Banking Companies Regulation Act does not supersede these laws and does not apply to agricultural loans. The court raised concerns about the constitutional validity of Section 21-A, indicating potential violations of Article 14 by enforcing unfair transactions. en-us Wed, 16 Oct 1985 00:00:00 +0530 Tue, 27 Mar 2018 10:18:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200365 The court dismissed the Bank's appeal, affirming that charging compound interest on loans to agriculturists contradicts state laws. It held that Section 21-A of the Banking Companies Regulation Act does not supersede these laws and does not apply to agricultural loans. The court raised concerns about the constitutional validity of Section 21-A, indicating potential violations of Article 14 by enforcing unfair transactions. Case-Laws Indian Laws Wed, 16 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200365