PoliticsPhoto: Deccan HeraldSupreme Court Upholds State Money-Lending Laws in NI Act Cases
The Supreme Court refused to clarify its May 26, 2026 ruling on cheque-bounce cases under Section 138 of the Negotiable Instruments Act, stating it does not override state-specific money-lending restrictions. The court allowed parties to raise enforceability objections in trial courts. The decision arose from a plea concerning Maharashtra's Money-Lending Act, which regulates loans against promissory notes and bars unlicensed lenders.
Deccan Herald··Mumbai


