P.S.NARAYANA
S. Rajeswari – Appellant
Versus
Yasoraaz Chit Funds Private limited, Hyderabad – Respondent
( 2 ) FOR the purpose of convenience the parties will be referred to as plaintiff and defendants 1 and 2.
( 3 ) THE plaintiff is a Chit Fund Company and had filed S. C. No. 103/95 on the file of principal Senior Civil Judge, Ranga Reddy district against defendants 1 to 4 for recovery of a sum of Rs. 9354-45 and it is the case of the plaintiff that the 1st defendant was a subscriber in Rs. 15,000/- chit group payable in thirty monthly instalments of rs. 500/- each and the 1st defendant was the successful bidder in the auction held on 20-2-1994 and was paid a sum of rs. 10,500/- on furnishing defendants 2 to 4 as guarantors and the 2nd defendant is none other than the husband of the 1st defendant and the 1st defendant had paid only four instalments after the auction and she had committed default in payment of instalments fr
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