Madras High Court Modifies Direction to Deposit Principal Balance in Chit Fund Dispute; Allows Adjustment Under Rule of Appropriation. Subscriber Directed to Pay Part Amount to Chit Fund Company Pending Statutory Appeal Under Section 70 of Tamil Nadu Chit Fund Act, 1961.
26 Feb 2025Background: The dispute arises from a chit fund transaction. The appellant is a chit fund company, and the first respondent is a subscriber. An arbitr...




