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of <h1>Company's Petition Dismissed: No Exemption from Prize Chits Act</h1> <h3>Southern Wonder World Resorts Ltd. Versus State of Karnataka</h3> Southern Wonder World Resorts Ltd. Versus State of Karnataka - [2003] 48 SCL 580 (KAR.) The High Court of Karnataka dismissed the writ petition filed by a company involved in property development and time-share resorts, seeking a declaration that they do not fall under the Prize Chits and Money Circulation Scheme (Banning) Act, 1978. The court stated that such declarations are not granted in private matters and law enforcement agencies have the authority to take action if violations are found. The petitioners were advised to defend themselves when faced with charges, and the relief sought was not granted.
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