section 45
Suits stayed on winding up orders
The Andhra Pradesh Chit Funds Act, 1971Finance197167 sections11 chapters
Chapter IX WINDING UP OF CHITS
Statutory text
Suits stayed on winding up orders :- When a winding up order has been made by a Court, no suit or other legal proceedings shall be continued or commenced against the foreman by a subscriber for the realization of amounts due to him is respect of the chit except with the leave of the Court and on such terms as the Court may impose.
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