Chit Amount - Year 1995 - Judgments

Mar 27 1995 (HC)

K. Swarna Vs. Saileela Mohan and anr.

Court: Chennai

Decided on: Mar-27-1995

Reported in: 1996(1)CTC224

..... first respondent has been regular in paying the chit amount every month after the first and second chit the petitioner committed fraud by collecting the full amount of rs 5 000 from the first ..... february 4 the second respondent has filed counter stating that the amount due is only under the chit transaction the relevant chit was commenced on 1 9 91 the total value of the .....

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May 03 1995 (HC)

Peerless General Finance and Investment Co. Ltd. and anr. Vs. Reserve ...

Court: Kolkata

Decided on: May-03-1995

Reported in: [1996]85CompCas808(Cal)

..... that the business of the petitioner company did not amount to a prize chit and dismissed the appeals filed by the reserve bank ..... up plans on the allegation that the business of peerless amounted to a prize chit money circulation scheme as defined in the 1978 act ..... dismissed the same and held the business of peerless to amount to a prize chit on appeals preferred by peerless against the said judgment .....

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May 17 1995 (TRI)

Jagan Nath Ram Sahai Vs. Assistant Commissioner of Income

Court: Income Tax Appellate Tribunal ITAT Chandigarh

Decided on: May-17-1995

Reported in: (1995)52TTJ(Chd.)377

..... of two items there was an amount of rs 90 097 in respect of certain loose chits this was surrendered by shri narinder ..... of the assessee firm and the two partners most of the amounts surrendered in the relevant hands were accepted by the assessing officer ..... the learned counsel for the assessee vehemently argued that all the amounts surrendered by the assessee firm and the two partners were accepted .....

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Jan 23 1995 (HC)

Official Liquidator Vs. T.J. Swamy and ors.

Court: Andhra Pradesh

Decided on: Jan-23-1995

Reported in: [1996]86CompCas696(AP)

..... the notice of the respondents no appropriate action was initiated heavy amounts were spent on tours and travels and on administrative expenses the ..... and no efforts were made by the respondents to realise the amounts the expenses are incurred lavishly one of the creditors filed ..... action to recover the amounts due from the debtors they also violated the provisions of the a p chit funds act the security .....

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Nov 16 1995 (HC)

C. Baburao Vs. R. Krishna

Court: Andhra Pradesh

Decided on: Nov-16-1995

Reported in: 1996(2)ALT547

..... is 30 12 1995 not only that he has taken chit for the value of rs 51 000 he can draw the amount at any time and invest in the business the .....

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Aug 01 1995 (HC)

Vishal Sethi and ors. Vs. Vinod Kumar Sethi

Court: Delhi

Decided on: Aug-01-1995

Reported in: 59(1995)DLT672

..... full trial and appropriate order would be passed as regards the amount paid or recovered in pursuance of this order 11 i thereforee ..... therein is that on account of the payment of the said amount petitioners mother could cease to have any right or claim against ..... besides business in his shop he had also fixed deposits with chit funds and banks thus taking into consideration his mother s statement .....

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Jan 04 1995 (HC)

Oommen Panicker and ors. Vs. Muthoot Mini Chitty Fund

Court: Kerala

Decided on: Jan-04-1995

Reported in: [1995]83CompCas910(Ker)

..... the appellants the plaintiff filed the suit for realisation of the amount due to the firm muthoot mini chitty fund from the defendants ..... plaintiff s contention is that the kerala chitties act cannot govern chit fund schemes started in the karnataka state by the branch ..... the plaintiff relied on several documents to show that the entire chit transaction took place in the state of karnataka in support of .....

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Jan 02 1995 (HC)

Canara Bank Vs. N. Palani and Another

Court: Chennai

Decided on: Jan-02-1995

Reported in: [1999]95CompCas457(Mad)

..... air1986bom101 in that case the creditor sought an attachment of the amount payable under the life insurance policy while seeking an injunction ..... bank birmingham the railway administration then drew two cheques covering the amount and addressed a letter to the reserve bank of india ..... followed in the decision reported in union of india v jyoti chit fund and finance 1976 iillj69sc that was also a case .....

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Jun 12 1995 (TRI)