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1 - 10 of 12 (0.23 seconds)The Limitation Act, 1963
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the said Act has been repealed by the Central Act, namely, Chit Funds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.
Tamil Nadu Chit Funds Act, 1961
Section 25 in Tamil Nadu Chit Funds Act, 1961 [Entire Act]
Shriram Chits And Investments (P)Ltd., ... vs M. Krishnan And Others on 11 December, 1998
(1997 (1) CTC 471), let
us consider the contrary view expressed by the other Division Bench in Shriram
Chits and Investments (P) Ltd. v. M.Krishnan (1999 (1) CTC 2 38), wherein
the relevant observation is as follows :