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Courts can examine reasonableness of...

New Delhi : The Supreme Court has...

Courts can examine reasonableness of bank interest rate on rural loans: SC

New Delhi : The Supreme Court has said that provision of the Banking Regulation Act, 1949, that prohibits courts from examining the reasonableness of rate of interests charged by banks, will not operate in states with debt relief laws for agriculturists. Section 21A of the Act says that the rates of interest charged by banking companies will not be subject to scrutiny by courts on the ground that the rate of interest charged by the banking company in respect of such transaction is excessive. "... insofar as Section 21A incidentally encroaches...

Courts can examine...

New Delhi : The Supreme Court has said that provision of the Banking Regulation Act, 1949, that prohibits courts from examining the reasonableness of...
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