#Chit Funds Act

The Karnataka High Court ruled that directors of a finance company cannot invoke Section 482 CrPC to quash criminal proceedings after a charge sheet is filed in a ₹115-crore chit fund fraud case. The court held that prima facie evidence of involvement necessitates trial, reinforcing that quashing is not permissible once charges are framed.

High Court of Telangana holds that execution petitions for chit fund awards must be filed before the Deputy Registrar, not civil courts, reinforcing statutory exclusivity under Chit Funds Act.