Doubt for cash un secured loans huge amount

kollipara sundaraiah (B.com) (2904 Points)

28 January 2024  
it person cash loans from different persons each person rs:19,000/- * 18 persons total amount rs:3,42,000/-
cash loans from different persons each person rs:18,000/- *16 persons total amount rs:2,88,000/-
total rs:6,30,000/-
question:
assessess un secured cash loans huge amount sec 68 and 69 provision applicable in it act