Karnataka Money Lenders and Pawn Brokers Act Amendments Upheld; Retrospective Provisions from 1985 Invalid.

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Full Text of the Document

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....Constitutional validity of amendments made to the Karnataka Money Lenders Act, 1961 and the Karnataka Pawn Brokers Act, 1961 in the year 1998 - Section 7-A & 7-B of the M.L. Act and 4-A & 4-B of the P.B. Act are valid from the date of their enactment - That the provisions making these amendments retrospective from 1985 are illegal and invalid. - SC....