Interest not to accrue in respect of certain loans and pledges not to be disposed of during the period of operation of the Tamil Nadu Indebted Persons (Temporary Relief) Act, 1975

(1) Notwithstanding anything contained in this Act or in any other law, custom, contract or any decree or order of any court or other authority,- (i) no interest shall accrue in respect of a loan due to a pawnbroker on the 22nd July 1975, and (ii) no pledge pawned shall be sold in any manner whatsoever by the pawnbroker, during the period of operation of the Tamil Nadu Indebted Persons (Temporary Relief) Act, 1975. (2) Interest shall accrue in respect of a loan obtained from any pawnbroker after the 22nd July 1975.