Section 16, Usurious Loans Act, 1918 [S16-QWW]

As at 6 September 2026. In force from 14 January 1918.

In Usurious Loans Act, 1918 [A10-8D8]. This text from 16 March 1983, by Act 71 of 1983 [A10-VS3]. Other texts (2): from 14 January 1918 to 13 May 1954; from 14 May 1954 to 15 March 1983.

Synthetic. The words of this section are generated by the register; the title, number and year of the Act are real.

Cite: Section 16, Usurious Loans Act, 1918 [S16-QWW]. Machine: S16-QWW.

16. Appeal.—(1) Any person aggrieved by an order of the Reserve Bank under this Act may, within sixty days from the date on which the order is communicated to him, prefer an appeal to the Debts Recovery Tribunal in such form and accompanied by such fee as may be prescribed. (2) The appellate authority may, after giving the appellant an opportunity of being heard, confirm, modify or set aside the order appealed against. (3) No appeal shall lie under this section against an order made with the consent of the parties.

Defined terms in this text (1)

Reserve Bank: Section 2, Usurious Loans Act, 1918 [S16QEX] (In this Act, unless the context otherwise requires,—): "Reserve Bank" means the Reserve Bank of India constituted under section 3 of the Reserve Bank of India Act, 1934 (2 of 1934)

Reserve Bank: 24 more definitions.

Made under this section, or naming it (0)

none

Cited by (4)

Section 19, Usurious Loans Act, 1918 [S16-QZT], 14 January 1918, Band A. "section 16".

Section 2, Usurious Loans Act (Amendment) Act, 1954 [S1C-GH0], 14 May 1954, Band A. "section 16 of the Usurious Loans Act, 1918 (10 of 1918)".

Section 2, Usurious Loans Act (Amendment) Act, 1983 [S1S-CTG], 16 March 1983, Band A. "section 16 of the Usurious Loans Act, 1918 (10 of 1918)".

Rule 9, Usurious Loans Act Rules, 1918 [S16-RC0], 9 May 1918, Band A. "section 16 of the Act".

Not held (0)

none

Duties published under this section (0)

none