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2013 Supreme(Kar) 50

DILIP B.BHOSALE
Shriram Chits (K) Private Ltd, Represented by its Manager-Legal Sadanandagowda – Appellant
Versus
Additional Registrar of Co-Operative Societies – Respondent


Advocates Appeared:
For the Appearing Parties:Prabhuling K. Navadagi, Advocate.

Judgment :-

Dilip B. Bhosale, J.

1. This group of writ petitions challenge separate order, with identical findings and reasons, dismissing the appeals filed by the petitioner against separate orders passed by the Deputy Registrar of Co-op. Societies – I, Bangalore District, and nominee of Joint registrar of Chits, Chamarajpet, Bangalore. In view thereof all the petitions were heard together and are disposed of by this common order.

2. Petitioner-Company is in the business of chit funds regulated by the Chit Fund Act, 1982 (for short ‘the Act’). The respondents in these petitions other than the authorities under the Act are subscribers. They subscribed to the chit commenced and conducted by the petitioner between 1995 and 1998. The subscribers had executed on demand pronote for prompt payment of subscription amount and they had also signed consideration receipts and since they did not comply with the repayment of future liability, the petitioner raised disputes as provided for under section 64 of the Act.

3. The Deputy Registrar while dealing with the dispute on merits framed the following issues for consideration:

1. Whether the disputant company has proved to have conducted the c








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