Back to THE USURIOUS LOANS ACT, 1918 (Modified as on 3rd December 2018)

Section 3.

Re-opening of transactions.

(1)Notwithstanding anything in the Usury Laws Repeal Act, 1855 (28 of 1855), where, in any suit to which this Act applies, whether heard ex parte or otherwise, the Court has reason to believe, —
(a)