Supreme Court to check menace of unlicenced, 'Shylockian' money lending

The Supreme Court of India has taken significant notice of the illegal activities conducted by unlicensed money lenders, often engaging in usurious and predatory practices. This move underscores the court’s concern over the exploitation and financial distress faced by individuals due to these moneylenders, who operate without proper regulatory oversight. The court’s attention aims to address the increasing menace of such unethical financial practices and seek stronger enforcement of legal measures against them. The decision reflects a broader commitment to protecting consumers and ensuring fair practices in financial transactions.