contract between the subscribers and
the foreman, which provides that the subscribers shall
subscribe a certain sum by way of regular installments for a
specified ... provisions to
safeguard the interest of the other subscribers, and the
foreman. If a prized subscriber defaults in payment of his
subscriptions, the foreman will
commit
default but pays his annual subscription regularly. But
consider what happens to the investments of those who commit
default; a subscriber who defaults ... earning interest
for the company but nothing for the subscriber himself. The
subscriber who commits default after payment of two annual
subscriptions is entitled
dispute. The complainant
used to run chitties. Respondent was a subscriber to three chitties conducted
by the firm of the appellant. In respect ... contended that despite the fact that the respondent herein was a
defaulted subscriber of two prized chitties, he took personal loan from
payment of the remaining instalments. In the event of default by subscribers in payment of instalment on clue dates, penalties are imposed in various forms ... security offered by prized subscribers to the foreman for payment of future instalments, substitution of subscribers in case of default, etc. should be self-contained
contract between the
foreman of the Kuri and the subscribers (defaulted) burdened
the subscribers with unconscionable interest and were unrea-
sonable.
To appreciate the reasoning ... among the other subscribers. But the prized
subscriber has a duty to pay the entire amount in instal-
ments without default. Here the respondent
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 ... that the Department
cannot disconnect the telephone of the subscriber on account of the default
committed by a relation of such subscriber
subscribers. This auction discount is paid
to those subscribers who pay the subscriptions promptly. A
prized subscriber loses the share of the discount on default ... prized subscriber from the list of
subscribers and to substitute any other person in his place
if the non-prized subscriber defaults
number of subscribers that every one of
them shall subscribe certain sum by installments for a defi-
nite period and that each subscriber ... matter is final. Any substitution in
place of a defaulting subscriber has to be recorded and copy
filed with the Registrar. The rights
prize bidder subscriber. He was paid Rs.60,000/- by cheque. The complainant defaulted after paying for 11 months from January, 1996. When the present ... Commission proceeded on the basis that admittedly the commission was a defaulting prized subscriber. It also held that there was no scope of taking
prize
bidder subscriber. He was paid Rs.60,000/- by cheque. The
complainant defaulted after paying for 11 months from
January, 1996. When the present ... Commission proceeded on the basis that admittedly the
commission was a defaulting prized subscriber. It also held
that there was no scope of taking
