SANT SARANLAL AND ANOTHER vs PARSURAM SAHU AND OTHERS

The Supreme Court held that a registered money-lender under the Bihar Money Lenders Act, 1938, can sue for recovery of loans advanced even if they exceed the amount specified in the registration certificate, as per Section 4 of the Bihar Money Lenders (Regulation of Transactions) Act, 1939. The Court clarified that the de facto registration entitles the money-lender to recover debts, irrespective of the limits stated in the certificate. The ruling emphasized that there is no statutory provision limiting the amount a registered money-lender may lend, thus upholding the appellants' right to recover the full amount lent.