section 48
Where insolvency proceedings, against the foreman are pending in different courts, the High Court may transfer the proceedings from one Court to another as it may deem fit.
The Andhra Pradesh Chit Funds Act, 1971Finance197167 sections11 chapters
Chapter IX WINDING UP OF CHITS
Statutory text
Compensation for frivolous or vexatious application Compensation for frivolous or vexatious application :-
- (1) When an application presented for winding up a chit is dismissed and the Court is satisfied that the application is frivolous or vexatious the Court may award against the applicant such amount, not exceeding five hundred rupees as it deems reasonable as compensation to the foreman for the expense or injury occasioned to him by the application and the proceedings thereon and such amount may be realized as if the award were a decree.
- (2) The award of any amount under sub-section
- (1) shall bar any suit for compensation.
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