https://www.taxtmi.com/caselaws?id=200366 The Court dismissed the appeal, ruling that the Usurious Loans Act did not apply to debts owed to banking companies due to the Banking Laws (Amendment) Act 1983 and S. 21-A of the Banking Regulation Act 10 of 1949. The Court held that the interest rates challenged were not excessive or usurious under the specified laws, ultimately rejecting the appellant's arguments regarding interest rates and the adjustment of a fixed deposit amount towards the debt due. en-us Mon, 23 Sep 1985 00:00:00 +0530 Tue, 27 Mar 2018 10:21:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200366 The Court dismissed the appeal, ruling that the Usurious Loans Act did not apply to debts owed to banking companies due to the Banking Laws (Amendment) Act 1983 and S. 21-A of the Banking Regulation Act 10 of 1949. The Court held that the interest rates challenged were not excessive or usurious under the specified laws, ultimately rejecting the appellant's arguments regarding interest rates and the adjustment of a fixed deposit amount towards the debt due. Case-Laws Indian Laws Mon, 23 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200366