Document Fragment View

Matching Fragments

O.P(C).No.3330 of 2018, etc.
(a) a foreman, a prized subscriber or a non-prized subscriber, including a defaulting subscriber, past subscriber or a person claiming through a subscriber, or a deceased subscriber to a chit;
(b) a surety of a subscriber, past subscriber, or a deceased subscriber.

Explanation.--For the purposes of this sub-section, a dispute touching the management of a chit business shall include--

O.P(C).No.3330 of 2018, etc. (3) No Civil Court shall have jurisdiction to entertain any suit or other proceedings in respect of any dispute referred to in sub-section (1)."

11. As per sub-section (1) of Section 64, notwithstanding anything contained in any other law for the time being in force, any dispute touching the management of a chit business shall be referred by any of the parties to the dispute, to the Registrar for arbitration if each party thereto is one or the other of the following, namely, (a) a foreman, a prized subscriber or a non-prized subscriber, including a defaulting subscriber, past subscriber or a person claiming through a subscriber, or a deceased subscriber to a chit; (b) a surety of a subscriber, past subscriber, or a deceased subscriber. As per the Explanation to sub-section (1) of Section 64, a dispute touching the management of a chit business shall include those enumerated in clauses (i) to (iii). As per sub- section (2) of Section 64, where any question arises as to whether any matter referred to for the award of the Registrar is a dispute or not for the purposes of sub-section (1), the same shall be decided by the Registrar whose decision thereon shall be final. As per sub-section (3) of Section 64, no civil court shall have jurisdiction to entertain any suit or other O.P(C).No.3330 of 2018, etc. proceedings in respect of any dispute referred to in sub-section (1).