provisions of the Chit Funds
Act, 1982 . The accused had subscribed for a chit group
bearing No.GIT02J-49 with the Ticket ... examination PW.1 mainly attacked him
by the accused that when subscriber defaulted in paying
future subscription chit premium amount, the said firm
issued notice
during November 2010 and
defaulted in December 2010 and paid Rs.10,000/- in
January 2011 and defaulted continuously from
February 2011 to December ... that Appellant/Accused being a subscriber to the
chit had received the prized chit amount and has
become defaulter, presumption under section 139 of
Negotiable
SCCH-2 4 C.C. 25575/2015
company and he subscribed chit bearing No.G2H/2053
and Ticket No.12 and accused is surety ... alleged that, aforesaid Akbar S. has become chronic
defaulter to both subscribed chit and surety holder chit
to pay monthly installment to complainant after
receiving
chit business as per chit
funds Act 1982. The accused has subscribed chit group bearing
No.KVT08J-25 with the ticket ... requisite surety. Thereafter the accused defaulted to pay the
subscribed amount. Therefore he has issued a cheque bearing
No.446001
units in
Bengaluru. When matter stood thus, the accused became a
chit subscriber in chit bearing No.020DL-07/08 on a monthly
subscription ... ledger subscriber copy of the
accused. He has received prized amount of Rs.3,62,175/-
through cheque, but afterwards, he was defaulter in paying
units in
Bengaluru. When matter stood thus, the accused became a
chit subscriber in chit bearing No.020DL-06/39 on a monthly
subscription ... ledger subscriber copy of the accused. He has received prized
amount of Rs.18,08,875/- through cheque, but afterwards, he
was defaulter in paying
which
carrying on business of conducting conventional chits
and advancing money to subscribers in terms of the
Karnataka Chits Funds Act 1982 in the name ... chits and advancing money to
subscribers in terms of the Karnataka Chits Funds Act
1982. The accused is a subscriber for a chit group
subscribed chits in
a company where accused No.1 was assistant
14
C.C.No. 19456/2016
manager, she has become defaulter in payment
units in
Bengaluru. When matter stood thus, the accused became a
chit subscriber in chit bearing No.020DL-07/09 on a monthly
subscription ... ledger
subscriber copy of the accused. He has received prized
amount of Rs.4,02,175/- through cheque, but afterwards, he
was defaulter in paying
Shahnaz Begum is a member of a chit with the
complainant and subscriber of the chit bearing No.G2G/343
Ticket ... defaulted in paying balance future monthly
installments (chit amount) but the complainant company did
not took any action against original chit member/prized
subscriber
