M/s Mansi Finance (Chennai) Ltd v. M Lalitha & Ors (In the matter of Vyomesh Mahipatray Shah)
2026 INSC 117430 October 202610 min read
Supreme Court Rules Unlicensed Money Lenders Cannot Pursue Section 138 Proceedings Without Producing License
The Supreme Court clarified that proceedings under Section 138 NI Act by unlicensed money lenders must be nipped in the bud unless a valid license is produced at the threshold.
Case Snapshot
- Case Name
- M/s Mansi Finance (Chennai) Ltd. v. M. Lalitha & Ors. (In the matter of Vyomesh Mahipatray Shah)
- Citation
- 2026 INSC 1174
- Bench
- Justice Prashant Kumar Mishra & Justice N.V. Anjaria
- Date of Judgment
- October 29, 2026
- Area of Law
- Criminal Law – Section 138 Negotiable Instruments Act, 1881 – Unlicensed Money Lending – Maharashtra Money Lending Act
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