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Human Welfare Kuries and Loans Pvt. Ltd. vs Union of India,

Court : Kerala

LLP is not inter-corporate loan. The Appellate Authority further omitted to note that after the implementation of the Chit Funds Act, 1982 in Kerala, the petitioner has not started any new chits and has only continued with chits already commenced … of incorporation. The petitioner was granted Certificate of Registration on 19.02.2001 by the Reserve Bank of India under Section 45-1A of the Reserve Bank of India Act, 1934. The Company was engaged in non-banking activities and chit

Soudambika Finance Pvt. Ltd. Coimbatore and Etc. Etc. Vs. Union of Ind ...

Court : Chennai

Subject : Civil

Acts : Chit Funds Act, 1982 - Sections 4(3), 5, 6(1, 2 and 3), 7(2), 8, 12, 13, 14, 15, 16(2 and 3), 17(2), 18(4 and 5), 19, 20(1), 21, 22(2), 24, 28, 29, 30, 31, 39(2), 48(1), 50, 64, 75, 76, 77 and 79; Constitution of India - Articles 14, 19(1), 245 and 246; Chit Funds (Pondicherry) Rules, 1986; Pondicherry Chit Funds Act, 1966; Chitties Act, 1964; Cochin Kuris Regulations, 1932; Indian Penal Code (IPC), 1860; Reserve Bank of India Act, 1934 - Sections 45-N and 451; Tamil Nadu Chit Fund Rules, 1984 - Rules 4A, 13, 18(4 and 5), 28, 31 and 63; Companies Act, 1956 - Sections 39(2) and 48; Indian Registration Act, 1908

Reported in : AIR1993Mad190; [1995]82CompCas302(Mad)

considered and dealt with in common.2. The above writ petitions involve challenge to the constitutional validity of the Chit Funds Act, 1982 (Central Act 40 of 1982), hereinafter referred to as 'the Act' and the Tamil Nadu Chit Funds Rules, … existing lawof the Parliament enshrined under the Companies Act, 1956. The provision for extension of time contemplated under Section 75 is said to be unreasonable and insufficient. So far as Ss. 76, 77 and 79 are concerned the

N. Aruldhas Vs. K. Gopinathan Nair

Court : Chennai

Subject : Limitation

Acts : Limitation Act, 1963 - Schedule - Articles 17, 37 and 75; Chit Funds Act, 1982 - Sections 25

Reported in : (1991)IIMLJ337

- time barred - Articles 17, 26, 36, 37 and 75 of Schedule to Limitation Act, 1963 and Chit Funds Act, 1982 - petitioner was prized subscriber and after being successful in bid he executed two promissory notes by way … filed within 3 years of the date of Ex.A.5 notice,is not barred by limitation. Even without relying on Section 25 of the Act,it can be held in this case that the suit is not barred by limitation.As

Margadarasi Chits Pvt Ltd Vs State of TamilNadu

Court : Chennai

appellant is Rs.2,50,000/- (Rs.12,50,000 minus Rs.10,00,000/-), which is agreed by both parties. As per the provisions of the Chit Funds Act, 1982 and as per theorder of this Court, a defaulted prized subscriber is not entitled to the dividend,which was … till realisation. As against the said Award, the third respondent preferred an appeal before the first respondent under Section 70 of the Chit Funds Act. The petitioner also initiated execution proceedings, which is also pending. The Appellate

M/S.Sree Gokulam Chit & Finance Co.Ltd. vs Padmakumar S.

Court : Kerala

to the appellant. As rightly pointed out by the learned counsel for the appellant, Section 21(1)(c) of the Chit Funds Act 1982, enables the Foreman to claim interest and penalties, if any, payable or in default of payment of instalment

K.P.Binil Bala vs Dr.Shaheeda K.B.

Court : Kerala

Fund Act, 1982. Sections 24 and 69 of the Kerala Chitties Act, 1975, and Section 43 of the Chit Funds Act, 1982, which are relevant for consideration, are as under:“24. Removal of defaulting subscribers.- (1) If a non-prized subscriber defaults

Dhanalakshmi Srinivasan Chit Funds Private Limited vs B.Revathi

Court : Chennai

sum of Page Nos.2/9 Rs.1,75,040/- pursuant to an arbitration award passed by the Chit Funds Registrar under the Chit Funds Act, 1982.4. The Learned counsel would state that the Executing Court haserroneously dismissed the execution petition by applying the … Amirthalingam W/o. Nagalingam, No.67, Subramanian St, Saidapet West, Chennai - 015. … RespondentsPrayer: Civil Revision Petition filed under Section 115 of Civil Procedure Page Nos.1/9 Code, to set aside the order and decreetal order dated 15.12.2023 made

Gowthaman, Vs State Of Tamilnadu Rep By Inspector Of Police, Ccb

Court : Chennai

316(5), 318(4), 61(2) & 3(5) of BNS, 2023 and Section 4(1), 76(1), 22, 24 & 79 of Chit Fund Act, 1982, in Crime No. 21 of 2026 on the file of the respondent police, seeks anticipatory bail.2. … 318(4), 61(2) & 3(5) of BNS, 2023 and Section 4(1), 76(1), 22, 24 & 79 of Chit Fund Act, 1982, in Crime No. 21 of 2026 on the file of the respondent police, seeks anticipatory bail.2. The case

PAVUNRAJ Vs State Of Tamilnadu Rep By Inspector Of Police, Ccb

Court : Chennai

316(5), 318(4), 61(2) & 3(5) of BNS, 2023 and Section 4(1), 76(1), 22, 24 & 79 of Chit Fund Act, 1982, in Crime No. 21 of 2026 on the file of the respondent police, seeks anticipatory bail.2. … 318(4), 61(2) & 3(5) of BNS, 2023 and Section 4(1), 76(1), 22, 24 & 79 of Chit Fund Act, 1982, in Crime No. 21 of 2026 on the file of the respondent police, seeks anticipatory bail.2. The case

Maitreya Services Private Limited Lawrence Trade Centre Co-op Hsg. Soc ...

Court : SEBI Securities and Exchange Board of India or Securities Appellate Tribunal SAT

Subject : Land Acquisition

within the meaning of Chit business as defined in clause (d) of section 2 of the Chit Fund Act, 1982 (40 of 1982); (viii) under which contributions made are in the nature of subscription to a mutual fund; … not offer any exorbitantly high returns to its buyers but an acceptable figure of 12% per annum. The funds raised are not utilized only for development of the alleged schemes but also go towards “ongoing corporate expenses … No. 1 was that of delivering possession of land upon receipt of 75% of the consideration for the plot, or alternately to repay the part