prized subscriber -- The rate of interest payable by a defaulting
subscriber in pursuance of the proviso to sub-section (1) of Section ... cent per annum.
Section 28 . Removal of defaulting subscribers.—(1) A non-prized
subscriber who defaults in paying his subscription in accordance with the
terms
behalf of all the subscribers. Since the amount prized
by a subscriber is collected from all the subscribers, the
foreman cannot be regarded ... 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
said
subscriber. The subscriber became a successful bidder
and received the prize amount from the complainant.
Thereafter the subscriber became a chronic defaulter.
The subscriber ... said subscriber. The subscriber became a
successful bidder and received the prize amount from the
complainant. Thereafter the subscriber became a chronic
defaulter. The subscriber
paying the monthly
subscriptions, the accused being the subscriber has become
defaulting subscriber for the payment of the outstanding
balance amounts with respect ... paying the monthly subscriptions, the accused being the
subscriber has become defaulting subscriber for the
payment of the outstanding balance amounts with respect
payment by subscriber Mark A,
copy of voucher dated 31.12.2020 for receipt of payment by
subscriber Mark B, original ledger of chit subscriber ... Section 64 of the Act, a dispute with regard to
defaulting subscriber of the chit, foreman, prized subscriber
would be covered within sub-section
plaintiff was conducting a local chitty in which he was a subscriber, and at
the time of receiving the prized amount, he had handed over ... signature, as security. It
was further contended that another subscriber by name Shaji defaulted in
payment of the kuri amount and had no assets
plaintiff was conducting a local chitty in which he was a subscriber, and at
the time of receiving the prized amount, he had handed over ... signature, as security. It
was further contended that another subscriber by name Shaji defaulted in
payment of the kuri amount and had no assets
disputed that petitioner No. 1
subscribed to the chit, received the prize amount, and defaulted in
repayment.
4.2. It is further submitted that the guarantors ... undisputed that petitioner No. 1 subscribed to
the chit, received the prize amount, and thereafter committed default in
the payment of installments. The execution
disputed that the
petitioner subscribed to the chit, received the prized amount, and thereafter
committed default in payment of installments. The guarantors have expressly
undertaken ... outset, it is undisputed that the petitioner subscribed to the chit,
received the prize amount, and thereafter defaulted in repayment. The
execution of guarantee agreements
from them.
3. He further submitted that after the alleged default, some of the
subscribers had approached the petitioner in search of his brother
