TN Police Registers First Case Under New Money Lending Act After Self-Immolation Bid

• Tamil Nadu Police registered the first case under the new Money Lending Entities (Prevention of Coercive Actions) Act, 2025.
• The case follows a borrower's self-immolation attempt in Villupuram district due to alleged harassment by recovery agents.
• A recovery agency manager has been arrested and remanded to judicial custody in connection with the incident.
• The victim, who defaulted on a JCB vehicle loan, was allegedly subjected to an illegal vehicle seizure attempt.
• The new Act, effective June 9, 2025, aims to protect vulnerable groups from coercive recovery methods.