There is a Supreme Court Judgement of 2022.
Nedumpilli Finance Company Limited vs State Of Kerala . on 10 May, 2022
Available at https://indiankanoon.org/doc/129693947/
This judgement makes certain State laws which control lending practices inapplicable to NBFCs.
Does this judgement have a wider implication where State Laws controlling lending are no longer applicable to private lenders too? I mean persons who lend monies privately and who are neither banks or NBFCs?
Please do not give broad answers unless you have read the judgement and are familiar with this area of law.
