State Act
Section 50. Compensation for frivolous or vexatious application
THE UTTAR PRADESH CHIT FUND ACT, 1975
This Act was repealed on a date we do not have by the Chit Funds Act, 1982 (Central Act 40 of 1982), s.90(1); it may still apply to matters that began before then.
50. (1) Where an application presented for winding up a chit is dismissed and the prescribed authority or court is satisfied that the application is frivolous or vexatious, the prescribed authority or court may award against the applicant such amount, not exceeding five hundred rupees, as it considers to be reasonable compensation to the foreman for the expense or injury caused to him by the application and the proceedings thereon, and such amount may be relised as if the award were a decree. (2) The award of compensation under sub-section (1) shall bar any separate suit for compensation.