assessee in the matter of paying the defaulted instalments and enters into the shoes of the defaulting subscriber. Until a new subscriber is found ... dividend paid to the new subscriber. If a new subscriber is not found and the assessee continues to subscribe to the chit till after
subscriber in place of defaulting subscriber and may himself subscribe for the ticket and the defaulted ticket of the chit will be dealt with subject ... such terms as the Foreman deems proper.
Prized subscriber: When a prized subscriber defaults in payment, a penalty of 6 paise per rupee or part
Telegraph Authority thinks fir, be restored, if the defaulting subscriber pays the outstanding dues and the reconnection fee together with the rental for such portion ... wife is the subscriber of LPT No. KNL - 48201. As per the definition of subscriber the petitioner is a subscriber to a different telephone service
subscriber and also entitled to claim interest on the amounts that will be found due from such subscriber if he commits default in paying ... subscriber and if it is likely to affect prejudicially the interest of any non-prized subscriber or unpaid prized subscriber, be set aside by such
proceedings and to receive the amounts through Court in connection with defaulter subscribers at Sathupalli Branch Office by authorizing her to sign
member or subscriber. Everyone shall subscribe a certain sum of money by instalments for a definite period and each subscriber, as determined ... claim consolidated payment of all the future subscriptions from a defaulting prized subscriber unless he shall have demand the same in writing
amounts to be prized subscribers and the dividend among the subscribers;
(d) to demand sufficient security from any prized subscriber for the due payment ... half, the amount due from the prized subscriber;
(e) to substitute subscribers in the place of defaulting subscribers; and
(f) to do all other acts
Chit agreement, chit amount, chit business, defaulting subscriber, discount, draw, foreman, non-prized subscriber, prize amount, prized subscriber, Registrar and ticket have also been defined ... Foreman. Section 28 also provides a procedure for removal of defaulting subscribers. Under Section 31 it is laid down that every prized subscriber shall furnish
instalments.
Paragraph 2 of Clause 17 reads:
When a prized subscriber defaults in payment, a penalty
of 6 paise per rupee or part thereof will ... defaulted instalments with
interest at the rate of 12% per annum from the date of default.
From this, it becomes clear that the prized subscriber
Telegraph Authority thinks fit, be restored, if the defaulting subscriber pays the outstanding dues and the reconnection fee together with the rental for such portion ... default on account of one telephone, other telephones of the subscriber of the defaulting telephone may be disconnected.
9. "Subscriber" has been defined
