Dispute Settlement Procedure Under the Madras Chit Funds Act,1961, the provisions of which were applicable till 31 st March,2007, any dispute regarding payment

Dispute Settlement Procedure Under the Madras Chit Funds Act,1961, the provisions of which were applicable till 31 st March,2007, any dispute regarding payment could be settled only by a civil court as Registrar has no power. Also, the subscribers could also directly approach the civil court or consumer forums for recovery of their dues against Chit Fund Companies without filling complaint in the (Extractive summary — verify with official source.)