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TypeBare Act JurisdictionCentral Government

Chit Funds Act, 1982 Section 55

Suits, etc., to be stayed on winding up order.—When a winding up order has been made or a receiver has been appointed,

~1 min read
https://sooperkanoon.com/act/449375

Bare act section · Research

About this section

Chit Funds Act, 1982 Section 55 is part of Chit Funds Act, 1982 - Suits, etc., to be stayed on winding up order.—When a winding up order has been made or a receiver has been appointed,. Read the section text below and explore Indian court judgments that cite it.

Research copy - verify against official government publications before filing or court use.

Section Text

55. Suits, etc., to be stayed on winding up order.—When a winding up order has been made or a receiver has been appointed, no suit or other legal proceedings shall be continued or commenced against the foreman by a subscriber for the realisation of amounts due to him in respect of the chit except with the leave of the Registrar winding up the chit and on such terms as he may impose. 21

Frequently asked questions

What does Chit Funds Act, 1982 Section 55 provide?

Section Section 55 of the Chit Funds Act, 1982 (Suits, etc., to be stayed on winding up order.—When a winding up order has been made or a receiver has been appointed,) 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 55?

Open “Find citing judgments” on this page to search Supreme Court, High Court, and tribunal decisions that reference Chit Funds Act, 1982 Section 55. 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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