Unlicensed Moneylenders in Maharashtra Must Produce a Licence in Cheque-Dishonour Cases: Supreme Court

The Supreme Court has clarified that money lenders operating in Maharashtra without a valid licence cannot enforce loans advanced against promissory notes, even when cheques are given as additional security. The clarification was sought by Vyomesh Mahipatray Shah through Miscellaneous Application No. 3002 of 2026 in the case of M/s Mansi Finance (Chennai) Ltd. vs. M. Lalitha & Ors. The application concerned the Supreme Court's judgment dated May 26, 2026,…