The complainant in the present case, is a money lender who had advanced loan to the accused on the basis
of the two promissory notes dated 3.2.2006 and 8.4.2006 respectively for loan of Rs. 18,000/ and Rs. 19,000/
respectively, at interest at the rate of 21 per cent per annum. It is thus case of the complainant that the accused
had issued cheque No. 767789 drawn upon Canara Bank, Sadar Bazar, Nagpur for Rs. 40,000/ towards
repayment of loan amount and interest. Thus, it was incumbent upon the complainant to establish the fact that
she held valid money lending license in accordance with the provisions of Bombay Money Lenders Act, 1946
for the relevant period of the transaction. The complainantmoney lender did not produce such a valid money
lending license at the time when complaint was instituted nor till it is decided although required. Furthermore,
no such valid money lender's license is produced even during pendency of this Appeal. Section 10 of the
Bombay Money Lenders Act, 1946 runs thus:
