Court : Madhya Pradesh
Decided on : Nov-29-1984
Reported in : AIR1985MP115; 1985MPLJ444
..... appreciate the rival contentions of the parties, it would be useful to quote the preamble as also the relevant provisions of the act. the preamble of the act is as follows : --'an act to better economic condition of holders of agricultural land in the weaker sections of the people by providing further relief from agricultural indebtedness ..... of money' as under : --'(d) 'lender of money' means a person advancing loan to a holder of agricultural land, whether registered under the madhya pradesh money lenders act, 1934 (no. 13 of 1934) or not;'section 2(f) defines 'prohibited transaction of loan' as stated below :'(f) 'prohibited transaction of loan' means a transaction ..... these facilities and provisions are meant mainly for economically and socially backward people. therefore, in our opinion, the words used in section 2(c) of the act which defines 'holder of agricultural land', is restricted to only those persons in the weaker section of the people' and not every holder of agricultural land who .....
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