SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
Listen Audio Icon Pause Audio Icon
judgment-img

2005 Supreme(AP) 524

L.NARASIMHA REDDY
Vijaya Bhargavi Chit Fund (P) Ltd. , hyderabad – Appellant
Versus
J. Rama Rao – Respondent


( 1 ) THESE three revisions are filed by the plaintiff in O. S. No. 6821 of 1999 on the file of the Court of the IX Junior Civil Judge, City Civil Court, hyderabad. All of them arise in. the context of bringing the legal representatives of the deceased first defendant. For the sake of convenience, the parties shall be referred to, as arrayed in the suit.

( 2 ) THE plaintiff is a chit fund company and the first defendant was one of its subscribers to a chit of the value of rs. 1,00,000/- and duration of 50 months. In the auction conducted on 15-2-1998, the first defendant emerged as the prized subscriber, and accordingly, he was paid a sum of Rs. 55,000/ -. By that time, he paid an amount of Rs. 34,000/- towards monthly instalments and for payment of the balance amount of Rs. 66,000/-, he executed a promissory note. Respondents 2 to 5 are said to be the sureties.

( 3 ) ALLEGING that the first defendant committed default from September 1998 onwards, the petitioner filed the suit on 26-11-1999. It is stated that the brother of the first defendant, by name Jayaram, who is shown as respondent No. 6, in these revisions appeared before the Court on 8-6-2000 and stated that the first defen
















Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top