Subsequently, prize
subscriber committed default in payment of chit
dues of the prized ticket/chit and thus, became
defaulting subscriber and inspite of repeated
demands ... Subsequently, prize
subscriber committed default in payment of chit
dues of the prized ticket/chit and thus, became
defaulting subscriber and inspite of repeated
demands
future installments. She also can not claim as
she is the defaulting subscriber. The counsel for the complainant
argued that ... subscriptions successively for two installments he shall
be treated as defaulting subscriber. The complainant paid only 17
installments and she did not pay remaining installments
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
After the
completion of the chit also subscriber was making
some payment. After that subscriber became defaulter.
Hence, the transaction is not time barred debt ... surety to Smt.Sheela, the said subscriber
subscribed chit group amount of Rs.5,00,000/-. The
subscriber has successfully bidding the chit
thereby he became a chit defaulter.
It is further argued that after repeated request made by
the complainant, the subscriber and the accused have ... well as sworn statement that subsequent to the bidding
the principal subscriber defaulted in payment of
installments but in the cross examination
question of payment would not
arise. This complainant is a defaulting subscriber.
Further contended that the complainant have misused
the alleged cheque colluded with ... paid, the question of
payment would not arise. This complainant is defaulting
subscriber. Further the materials available on record
clearly established that the accused
Further submits that as per the chit funds
act when the subscriber was defaulter in paying the chit
installment she is not eligible for dividend ... produced any material documents to show that when
the subscriber defaulted monthly installment before
presentation of the cheque. Thus the complainant failed
to prove that
between Complainant company and
subscriber. He further stated that, after defaulting from the
subscriber the Complainant company has sent notice to the
sureties ... much installment were paid by subscriber and how much
installment are due and when the subscriber was defaulter. As
per promissory note, it was executed
said subscriber had
undertaken to repay the future subscription amount to
the complainant regularly. But the said subscriber
became a defaulter in making payment towards ... accused furnished the
requisite necessary and relevant documents. But the
subscriber became a defaulter in making payment
towards the chit installments. The accused had towards
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
