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TypeBare Act JurisdictionCentral Government

Chit Funds Act, 1982 Section 57

Cessation of winding up proceedings on insolvency of foreman, etc., or the winding up of the company and transfer of

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https://sooperkanoon.com/act/449376

Bare act section · Research

About this section

Chit Funds Act, 1982 Section 57 is part of Chit Funds Act, 1982 - Cessation of winding up proceedings on insolvency of foreman, etc., or the winding up of the company and transfer of. Read the section text below and explore Indian court judgments that cite it.

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Section Text

57. Cessation of winding up proceedings on insolvency of foreman, etc., or the winding up of the company and transfer of such proceedings.—Where during the pendency of the proceedings for the winding up of a chit, the foreman is adjudicated an insolvent, or where the foreman is a firm, all the partners or all the partners except one thereof are adjudicated insolvents, or where the foreman is a company, the company has been ordered to be wound up by the Court, the winding up proceedings under this Chapter shall cease and the distribution of the chit assets shall, subject to the provisions of sections 43 and 52, be made by the insolvency court or the court winding up the company, as the case Section 58 - may be

Frequently asked questions

What does Chit Funds Act, 1982 Section 57 provide?

Section Section 57 of the Chit Funds Act, 1982 (Cessation of winding up proceedings on insolvency of foreman, etc., or the winding up of the company and transfer of) is reproduced on this page as part of the Chit Funds Act, 1982. Lawyers and researchers use it to read the statutory wording before checking how courts have applied this section in reported judgments.

How do I find judgments on Chit Funds Act, 1982 Section 57?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Chit Funds Act, 1982 Section 57. Advanced act search can narrow results by court, year, or additional act filters.

Is the section text on SooperKanoon official?

SooperKanoon hosts bare act text for research and quick reference. For filings or compliance in Central, confirm the wording against the official state gazette or authorized publication.

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