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TypeBare Act JurisdictionCentral Government

Usurious Loans Act, 1918 Section 2

Definitions

~1 min read
https://sooperkanoon.com/act/426

Bare act section · Research

About this section

Usurious Loans Act, 1918 Section 2 is part of Usurious Loans Act, 1918 - Definitions. Read the section text below and explore Indian court judgments that cite it.

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Section Text

In this Act , unless there is anything repugnant in this subject or context,--

"Interest" means rate of interest and includes the return to be made over and above what was actually lent, whether the same is charged or sought to be recovered specifically by way of interest or otherwise

"Loan" means a loan whether of money or in kind and includes any transaction which is, in the opinion of the Court in substance a loan.

" Suit to which this Act applies" means any suit

(a) for the recovery of a loan made after the commencement of this Act; or

(b) for the commencement of any security taken or any agreement , whether by way of settlement of account or otherwise , made, after the commencement of this Act, in respect of any loan made either before or after the commencement of this Act; {Ins. By Act 28 of 1926 , s.2} [or

(c) for the redemption of any security given after the commencement of this Act in respect of any loan made either before or after the commencement of this Act]

Frequently asked questions

What does Usurious Loans Act, 1918 Section 2 provide?

Section Section 2 of the Usurious Loans Act, 1918 (Definitions) is reproduced on this page as part of the Usurious Loans Act, 1918. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Usurious Loans Act, 1918 Section 2?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Usurious Loans Act, 1918 Section 2. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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