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Provisions of Usurious Loans Act are not applicable to proceedings under Bankruptcy Code

December 20, 2018[2018] 100 297 (NCL-AT)

IBC : There being a bar of jurisdiction under section 231, provisions of sections 3 and 4 of 'Usurious Loans Act, 1918' are not applicable to any of proceeding under section 7 or section 9 of 'I&B Code'

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