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M. Gopal And Anr. vs Sri Vetrivel Chit Funds Pvt. Ltd. on 13 August, 1996

13. The decision in M.Gopal v. Sri Vetrivel Chit Funds Pvt. Ltd. (1 997 (1) CTC 471) was rendered by a Division Bench, taking into consideration the provisions of the Tamil Nadu Chit Funds Act,1961. Though the said Act has been repealed by the Central Act, namely, Chit Funds Act,1982, this case has to be dealt with only under the provisions of the Tamil Nadu Chit Funds Act,1961, since the chit transaction took place in the year 1982, especially before coming into force of the Central Act.
Madras High Court Cites 18 - Cited by 6 - Full Document
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