Section 13

The Arunachal Pradesh Money Lending (Regulation) Act, 2018 (Act No 9 of 2018)State Act of Arunachal Pradesh · Act 9 of 2018

(1) No court shall pass a decree in favour of a money-lender in any suit unless the court is satisfied that at the time when the loan or any part thereof, to which the suit relates was lent, the money-lender held a valid licence, and if the court is satisfied that the money-lender did not hold a valid licence, it shall dismiss the suit.

(2) Nothing in this section shall affect the powers of a liquidator under the Companies Act, 1956, or the Companies Act, 2013, to realise the property of a money-lender.

Where this provision sits

Act	The Arunachal Pradesh Money Lending (Regulation) Act, 2018 (Act No 9 of 2018)
Section	13
Jurisdiction	State of Arunachal Pradesh
Status	In force as published by the source

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