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Madras High Court Dismisses Revision Petition Challenging Execution of Chit Fund Award — Limitation Period Under Section 71(b) of Chit Funds Act, 1982 Not Applicable When Award Is Executed as Civil Court Decree Under Section 71(a).

The revision petition was filed by P.J. Prabaharan, the chit subscriber and first judgment debtor, challenging the order dated 24.09.2025 in E.P.No.46...

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High Court of Karnataka Quashes Arbitration Proceedings in Chit Fund Dispute for Lack of Jurisdiction. Arbitration Clause in Chit Fund Agreement Not Binding as Chit Fund Act Overrides Arbitration and Conciliation Act.

The petitioner, Sri H.B. Shivakumar, filed a writ petition under Articles 226 and 227 of the Constitution of India seeking to quash arbitration procee...

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Bombay High Court Upholds Conviction for Cheating and Prize Chit Offences in Bhisi Scheme Case. Oral evidence of members sufficient to prove conventional chit and dishonest intention under Section 420 IPC and Prize Chits and Money Circulation Schemes (Banning) Act, 1978.

The case involves two criminal revision applications filed by the applicants/accused, Subhadrabai Pawar and others, challenging their conviction under...

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Complainant not required to prove service obtained for self-employment livelihood unless appellant proves commercial purpose.

Consumer Protection - Maintainability of Complaint - Definition of Consumer - Service obtained for Commercial Purpose - Onus of Proof - Burden of Proo...

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High Court of Karnataka Quashes Cheque Dishonour Complaints Against Accused Due to Lack of Proper Service of Demand Notice. Complaints under Section 138 of Negotiable Instruments Act, 1881 dismissed as demand notice was not served at the correct address of the accused.

The judgment pertains to three criminal petitions filed under Section 482 of the Code of Criminal Procedure, 1973, by the petitioners (Moodalagiriyapp...

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Bombay High Court Allows Appeal in Cheque Dishonour Case, Sets Aside Acquittal. Presumption under Section 139 of Negotiable Instruments Act, 1881 not rebutted; failure to show loan in income tax returns does not invalidate legally enforceable debt.

The appellant, Pushpa Sanchalal Kothari, filed a criminal appeal under Section 378(4) of the Code of Criminal Procedure, 1973, challenging the acquitt...

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Supreme Court Dismisses Chit Fund Foreman's Appeal for Recovery of Future Installments. Holds that chit subscriber's liability for future installments is a contractual obligation, not a debt in praesenti, under Chit Funds Act, 1982.

The present appeal arose from a chit fund conducted by M/s Oriental Kuries Ltd. (appellant) from 1978 to 1990. The respondents were subscribers who de...

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High Court of Karnataka Dismisses Chit Company's Writ Petitions Challenging Arbitration Awards Under Section 34 of Arbitration and Conciliation Act, 1996 — Maintainability of Writ Petitions Against Arbitral Awards Under Section 34 of the Act

The petitioner, M/s Shriram Chits (K) Private Ltd, a chit company, filed multiple writ petitions under Article 226 of the Constitution before the High...