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HC Upholds Microfin Law, Says It's a Protective Shield

The New Indian Express Bengaluru

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March 18, 2025

The Karnataka High Court on Monday upheld the constitutional validity of the Karnataka Micro Loan and Small Loan (Prevention of Coercive Actions) Ordinance, 2025.

- EXPRESS NEWS SERVICE @Bengaluru

Dismissing the petition filed by the Karnataka Hire Purchase Association questioning the validity of the ordinance, Justice M Nagaprasanna clarified that the ordinance does not traverse into secured transactions undertaken by regulated entities like the petitioner. On the contrary, it carves out a protective shield specifically for those trapped in the labyrinth of unsecured micro loans extended without collateral, targeting an annual income of

MÁS HISTORIAS DE The New Indian Express Bengaluru

The New Indian Express Bengaluru

Came to fill SIR form in Indore, but wanted criminal landed in police net

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The New Indian Express Bengaluru

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The New Indian Express Bengaluru

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The Archaeology of Tomorrow

Sri Lanka-born artist Ramesh Mario Nithiyendran digs through memory, myth, and clay to sculpt a speculative future

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The New Indian Express Bengaluru

The New Indian Express Bengaluru

Tax dept intensifies action against fake deductions

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time to read

1 min

December 14, 2025

The New Indian Express Bengaluru

The New Indian Express Bengaluru

The Great Indian Aviation Robbery

The breakdown was not sudden, though it felt that way to those of us trapped in the glass-and-steel belly of Mumbai’s Chhatrapati Shivaji Maharaj International Airport that day.

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4 mins

December 14, 2025

The New Indian Express Bengaluru

Atmosphere electric as city hails soccer royalty

HYDERABAD put its best foot forward on Saturday by ensuring that the visit of Lionel Messi to India was a resounding success.

time to read

1 mins

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The New Indian Express Bengaluru

The Wars Behind the War

Even before the first shots of 1971 were fired, India was quietly arming and training the Mukti Bahini as Pakistani troops unleashed a campaign of rape and mass murder across East Bengal. With the US firmly backing Pakistan, Indira Gandhi openly cocked a snook at Washington—turning diplomacy into defiance and resolve into battle

time to read

6 mins

December 14, 2025

The New Indian Express Bengaluru

Mess in Bengal, grace in Hyd

No glimpse of star leads to paying public rage

time to read

1 mins

December 14, 2025

The New Indian Express Bengaluru

Sebi chief seeks CAs’ help for robust market system

SEBI chairman Tuhin Kanta Pandey has sought active cooperation of chartered accounts (CAs) to build a stronger financial market architecture with standardised complex valuations by ensuring that price assumptions are consistent, transparent, and welldocumented.

time to read

1 min

December 14, 2025

The New Indian Express Bengaluru

Shiprocket files for ₹2,342 crore public offering

E-COMMERCE enablement platform Shiprocket has filed for %2,342-crore initial public offering (IPO) with market regulator Sebi.

time to read

1 min

December 14, 2025

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