Re-opening of transactions

C. Notwithstanding anything contained in any law for the time being in force, the court shall, in any suit to which this Act applies, whether heard ex-parte or otherwise—

1. (a) reopen any transaction, or any account already taken between the parties;
2. (b) take an account between the parties;
3. (c) reduce the amount charged to the debtor in respect of any excessive interest;
4. (d) if on taking accounts it is found that the money-lender has received more than what is due to him, pass a decree in favour of the debtor in respect of such excess.