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Shriram Chits (Bangalore) Ltd. Vs. Sri Panchakshari and anr.

Court : Karnataka

Subject : CompanyCivil

Acts : Chit Funds Act, 1982 - Sections 68, 69, 70, 71 and 71(1); Co-operative Credit Societies Act - Sections 42 and 43; Indian Arbitration Act, 1899; Code of Civil Procedure (CPC) - Sections 31, 34, 38, 39, 42 and 151 - Order 21, Rules 6, 10 and 50

Reported in : ILR2006KAR498; 2006(6)KarLJ652

as follows:The petitioner M/s Shriram Chits (Bangalore) Ltd., Hampankatta Branch, Mangalore is a Chit Company registered under the Chit Funds Act, 1982. The subscriber viz., the principal debtor Sri Shyam Bhandary of Uppinangady was a member of the Chit Fund … to have been submitted to the Joint Registrar of Chits, Mysore Division, Mysore for certification as required under Section 71(a) of the Chit Funds Act, 1982. A certificate dated 10.1.2000 was issued by the Joint Registrar of Chits,

Javatha Raj, and Sri. S Narendra Vs. M/S. Margadarshi Chits (Karnataka ...

Court : Karnataka

Subject : Constitution

Acts : Chit Funds Act, 1982 - Section 71(1)(a); Industrial Reconstruction Bank of India (IRBI Act) - Section 40; Constitution of India - Article 226, 227

facts are as follows: The Is* respondent-M/s.Margadarshi Chits (Kar) Pvt. Ltd., is a chit company registered under the Chit Funds Act, 1982 (for short (the Act'). The 2nd respondent was a subscriber. He has drawn the chit amount on the … passed against respondents 2 to 6 arid the petitioners on 18.08.2007. The said authority issued a certificate under Section 71 of the Act, entitling the 1st respondent to recover Rs.6,64,286/- with interest at 24% p.a from 16.06.2007 on

Dr. Vimala Vs. M/S. Shriman Chits and Investments Pvt. Ltd.

Court : Chennai

Subject : ArbitrationCommercialCivil

Acts : Code of Civil Procedure (CPC), 1908 -- Sections 47, 66, 71 -- Rule 50 -- Order 21, Rule 21, 43; Indian Contract Act, 1872 -- Sections 128; Chit Funds Act, 1982 -- Sections 33(1), 64(1), 67; The Arbitration Act, 1940

Reported in : 1999(3)CTC210

In the counter filed by the respondent, it would be urged that (i) under Section 64(1)(b) of the Chit Funds Act, 1982 (hereinafter referred to as the 'Act') a surety can be proceeded against for any dispute relating the chit … Procedure Code as are vested in a Civil Court while trying a suit and would also cite Section 71(a) of the Act wherein the certificate issued by the Registrar should be deemed to be a decree of

Smt. P Prathiba Vs. M/s. Avenue Super Chits (p) Ltd.,

Court : Karnataka

Subject : Land Acquisition

beyond limitation. 1615. The counsel for the appellants brought to notice of this Court Section 71 of the Chit Funds Act, 1982 wherein it is clear that every order passed by the Registrar or the nominee under Section 68 or

K.Periyasamy Vs. Shriram Chits Tamil Nadu Pvt. Ltd.

Court : Chennai

Subject : Land Acquisition

has repaid the chit amount for about 14 installments. Thereafter, the petitioner has committed default. Hence, under the Chit Funds Act, 1982, the matter has been referred to the Deputy Registrar of Chits. Notice has been issued to the petitioner. … of execution proceedings. 54.Issue of proclamation prohibiting private transfer of proerty:- The Registrar when acting under clause(a) of section 71 shall, at the time of signing a certificate affecting any property, issue a proclamation in Form XVIII and

Mr Sahaji P B Vs. State of Karnataka

Court : Karnataka

Subject : Service Tax

C.C. 3503/2014 declining to discharge the petitioners in relation to offences punishable under Sections 4 and 76 of Chit Funds Act, 1982 (hereinafter for short referred to as ‘the Act’) and Section 420 of the Indian Penal Code. 3 2. … 16th Cross, Sampige Road, Malleshwaram, Bengaluru-560003. BETWEEN1 Mr. Sahaji P.B., 2. Mr. Gopalan A.M. S/o. Chathu, Aged about 71 years, Chairman & Managing Director, Sree Gokulam Chits & Finance Company Private Limited, No.28, Mutthugramani Street, Mahailapure, Chennai-600004.

Assam Roller Flour Mills Association and ors. Vs. State of Assam and o ...

Court : Guwahati

Subject : Civil

made qua the assent. A passing reference at this stage may also be made of the decision Subodh Chit Fund (P) Limited (Supra), wherein the Apex Court had approved the conclusion of the Madras High Court that … to the contentious issue on quid pro quo and unauthorized creation of funds from the collections and expenses therefrom. According to the petitioners, levy of … In Bihar S.A. Product Marketing Board. v. Shankar Makhana Bhandar (Supra), by the Bihar Agricultural Produce Markets (Validation) Act, 1982, market fee levied, collect or to be levied or collected was sought to be saved from being illegal … of writ petitions register an identical challenge to the constitutional validity of Section 3D, 3E, Clause (ii) and (iii) of Explanation-1 to Section 21 as

Nesar Khan Alias Mangaru Vs. The State of Jharkhand

Court : Jharkhand

Subject : Criminal

Penal Code, section 70 of the Prevention of Money Laundering Act, 2002 and section 76/79 of the Chit Fund Act, 1982. It has been submitted by the learned counsel for the petitioner that the petitioner was never … Code, section 70 of the Prevention of Money Laundering Act, 2002 and section 76/79 of the Chit Fund Act, 1982. It has been submitted by the learned counsel for the petitioner that the petitioner was never the Director … has been falsified by the statement of her husband recorded at paragraph 71 of the case diary, from which it can be clearly deciphered that

Karnataka Steel and Wire Products Ltd. (In Liquidation) Vs. Kohinoor R ...

Court : Karnataka

Subject : CompanyArbitration

Acts : Companies Act, 1956 - Sections 391, 441, 442, 443, 444, 445, 446, 446(1), 446(2), 446(2B), 446(3), 447, 456, 457, 458A, 466(2) and 543; Banking Regulation Act, 1949 - Sections 45B and 45G; Limitation Act, 1963 - Schedule - Article 137

Reported in : [1993]77CompCas179(Kar); [1993]78CompCas96a(Kar); ILR1993KAR293; 1993(1)KarLJ212

claim the debt accrues from the date the winding up order is passed. 48. In Unico Trading and Chit Funds India (P.) Ltd. v. S. H. Lohati [1981] 2 KLJ 144; [1982] 52 Comp Cas 340 (Kar), a … K.A. Swami, Actg. C.J.1. This Division Bench consisting of N. Venkatachala, J. (as he then was) and K. Shivashankar Bhat, J. … has referred the following question for consideration by a Full Bench under section 7 of the Karnataka High Court Act, 1961 : 'What is the … Pvt. Ltd. (In Liquidation) v. K. K. Nanu [1989] 66 Comp Cas 715, has also taken the same view as the one taken in Faridabad

income-tax Officer Vs. J.M.P. Enterprises

Court : Income Tax Appellate Tribunal ITAT Amritsar

Subject : Direct Taxation

Reported in : (1993)46ITD104(Asr.)

made payment of interest of Rs. 12,150 to Udyog Finance and Chit Fund Pvt. Ltd. for utilisation of funds borrowed through the auspices of the partners. No doubt the borrowings were first credited to the partners' account … Commissioner of Income-tax (Appeals) allowing deduction of Rs. 12,150 on account of interest paid to Udyog Finance and Chit Fund Pvt. Ltd. It is the contention of the Departmental Representative that loans were raised by the partners … correctly nor considered carefully the decision of the Tribunal dated February 27, 1982, in the case of Damodar Dass Jai Chand Aggarwal v. ITO [1982] … of Rs. 21,17,923. This difference was arrived at in accordance with the actual building material consumed and as per the actual size at site and … that the question of disallowance of interest under Section 40(b) of the Income-tax Act will be governed … Valuation Officer had taken the contractor's profit at 71/2 per cent. and when the figure is raised