In this Act, unless there is anything repugnant in the subject or context,—
(a) “bank” means a company carrying on the business of banking ;
(b) “company” means a company as defined in [the Companies Act, 2013 (18 of 2013)] for the time being in force ;
(c) “co-operative society” means a society registered or deemed to be registered under the provisions of the Jammu and Kashmir Co-operative Societies Act ;
(d) “creditor” means a person who in the regular course of business advances a loan as defined in this Act, and shall include, subject to the provisions of section 3, the legal representatives and the successor-in-interest whether by inheritance, assignment or otherwise of the person who advanced the loan ;
[(da)“Government” means Government of the Union territory of Jammu and Kashmir ;]
(e) “interest” includes the return to be made over and above what was lent, whether the same is charged or sought to be recovered specifically by way of interest or otherwise;
(f) “loan” means an advance whether of money or in kind at interest and shall include any transaction which the Court finds to be in substance a loan, but it shall not include—
(i) a deposit of money or other property in a Government Post Office Bank or any other bank or in a company or with a co-operative society,
(ii) a loan advanced by Government or by any local body authorised by Government,
(iii) a loan advanced by a bank, a co-operative society or a company whose accounts are subject to audit by a certified auditor under any law for the time being in force in the State,
(iv) a loan advanced to a trader,
(v) an advance made on the basis of a mortgage deed ;
(g) “prescribed” means prescribed by rules made under this Act.