Moneylenders Act, 1933

Determination of moneylending contract by the Court.

20.—Without prejudice to the powers of a Court under section 1 of the Moneylenders Act, 1900, as amended by this Act, if at the time when proceedings are taken by a moneylender in respect of a default in the payment of any sum due to him under a contract for the loan of money, any further amount is outstanding under the contract but not yet due, the court may determine the contract and order the principal outstanding to be paid to the moneylender with such interest thereon, if any, as the court may allow up to the date of payment.