Back
RAVI NATH TILHARI
Bachina Surendra Babu – Appellant
Versus
State Of Andhra Pradesh – Respondent
JUDGMENT :
1) Heard Ms. Baliboyina Sravani, learned Counsel for the Petitioner and Sri. V. Farook, learned Assistant Government Pleader for the Respondent Nos. 1 to 3.
2) This Writ Petition under Article 226 of the Constitution of India is filed challenging the Award, dated 31.03.2016, in Dispute No. 04 of 2014, passed by the Deputy Registrar of Chits, under Section 64 of the Chit Funds Act, 1982, [in short ‘the Act 1982’] as also the E.P. No. 104 of 2016 proceedings for execution of the Award, on the file of the Senior Civil Judge at Markapuram.
3) The 5th Respondent – Muppa Raju Venkateswarlu, is the Principal Subscriber of the chit of the 4th Respondent – M/s. Kapil Chits (Kosta) Private Limited, vide chit series No.FKNT04J-35, subscribed to ticket No. 35 in the chit group, for a value of Rs.5,00,000/-which is payable at the rate of Rs.10,000/-per month for a period of 50 months. The Petitioner is the guarantor No. 4 [Opponent No. 5 in Dispute No. 04 of 2014], which was at the instance of the 4th Respondent on the ground that the Principal Subscriber committed default.
4) Summons were issued on 11.03.2014 to the Opponents in Dispute No. 04 of 2014. On 26.03.2014, fresh summons were
The Deputy Registrar is competent to issue a certificate under Section 71 of the Chit Funds Act, 1982, and the execution petition was properly filed before the Civil Court as per the procedure outlin....
The execution of an arbitration award under the Chit Fund Act, 1982, relative to a commercial dispute, must follow the procedural requirement of the Registrar forwarding the award to the jurisdiction....
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
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
