Notwithstanding anything contained in any other enactment for the time being
in force––
(i) a suit by a money lender for the recovery of a loan ; or
(ii) an application by a money lender for the execution of a decree relating to a loan ; or
(iii) an application for resolution of dispute through a Lok Adalat or Panchayat,
shall be dismissed, unless at the time when the loan was advanced, the money lender held an effective registration.
(i) a suit by a money lender for the recovery of a loan ; or
(ii) an application by a money lender for the execution of a decree relating to a loan ; or
(iii) an application for resolution of dispute through a Lok Adalat or Panchayat,
shall be dismissed, unless at the time when the loan was advanced, the money lender held an effective registration.