SUBHASH CHANDRA
Kapil Chit Funds Pvt. Ltd. – Appellant
Versus
Payakarao Upendra – Respondent
ORDER
The present revision petition has been filed against order dated 21.02.2017 of the Andhra Pradesh State Consumer Disputes Redressal Commission, Hyderabad (in short, ‘the State Commission’) in Appeal no. 329 of 2008 arising out of the order dated 27.12.2007 of the District Consumer Disputes Redressal Forum, Karimnagar (in short, ‘the District Forum’) in Consumer Complaint no. 104 of 2007.
2. The facts, in brief, are that the respondent/ complainant joined as a chit member of petitioner no.1/ opposite party no.1 in a Chit Series no. RTL05J-8 conducted by the petitioners at Karimnagar Branch. Under this the monthly subscription was Rs.10,000/- payable for 50 months and the total chit value was of Rs.5,00,000/- which commenced from 25.11.2005. The respondent paid 22 instalments of Rs.2,20,000/- including the dividends regularly. The respondent participated in the chit but did not claim any prize amount in respect of the chit. The respondent stood surety for Mr Surya Prakash who was one of the chit member. The said member defaulted in the paying prescribed chit amount. Hence, the branch member of petitioner no.1 filed a suit for recovery of Rs.46,308 against Surya Prakash and othe
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