https://www.taxtmi.com/news?id=33523 The Governor returned the ordinance on grounds that its provision to discharge pending loans including interest would bar lawful lenders from seeking judicial remedies, risking violation of the right to legal remedy and natural justice. He found the proposed imprisonment and fine provisions disproportionate compared with existing laws, noted existing statutory and criminal mechanisms to address coercive recovery, and recommended enforcement of those laws and deliberation in the legislature rather than promulgation of the ordinance. en-us Mon, 10 Feb 2025 20:01:03 +0530 Mon, 10 Feb 2025 20:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33523 The Governor returned the ordinance on grounds that its provision to discharge pending loans including interest would bar lawful lenders from seeking judicial remedies, risking violation of the right to legal remedy and natural justice. He found the proposed imprisonment and fine provisions disproportionate compared with existing laws, noted existing statutory and criminal mechanisms to address coercive recovery, and recommended enforcement of those laws and deliberation in the legislature rather than promulgation of the ordinance. News - Mon, 10 Feb 2025 20:01:03 +0530 https://www.taxtmi.com/news?id=33523