https://www.taxtmi.com/caselaws?id=313185 A prized subscriber's liability under a chit was treated as a present debt, so a promissory note embodying that liability could be assigned and enforced by the assignee. The absence of a fresh written demand for consolidated future subscriptions did not bar recovery where the claim rested on the assigned note and the notices were treated as sufficient. An assignment of the foreman's right was not void merely because prior written sanction of the Registrar had not been obtained, since the statute made such transfer voidable only at the instance of the protected class. Alleged set-off against other chits failed for want of proof, and the assignee's claim was restored with interest and costs. en-us Wed, 24 Feb 1988 00:00:00 +0530 Fri, 29 Mar 2024 11:15:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313185 A prized subscriber's liability under a chit was treated as a present debt, so a promissory note embodying that liability could be assigned and enforced by the assignee. The absence of a fresh written demand for consolidated future subscriptions did not bar recovery where the claim rested on the assigned note and the notices were treated as sufficient. An assignment of the foreman's right was not void merely because prior written sanction of the Registrar had not been obtained, since the statute made such transfer voidable only at the instance of the protected class. Alleged set-off against other chits failed for want of proof, and the assignee's claim was restored with interest and costs. Case-Laws Indian Laws Wed, 24 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313185