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Effect of Usurious Loans Ordinance

The Punjab Usurious Loans Ordinance, 1959,] gives wider powers to Courts to interfere on equitable grounds in order to do justice between the parties when it is found that inter alia the transaction was, as between the parties thereto, substantially unfair (vide section 4 of the Act). In such cases the Act empowers the Court to re-open past trans...


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