Won Rs 15 lakh chit prize, payout delayed; how he won relief against company's claim

Won a chit prize but the payout is delayed? A Telangana consumer commission has upheld an order against Kapil Chits after holding the company responsible for delaying the payment of a Rs 15 lakh chit prize for more than 55 days. Kapil Chits attributed the delay to late submission of sureties, but the commission found the company records revealing otherwise.The dispute was not about the eligibility for the chit prize or whether the claimant had won the bid. The Commission had already accepted that he was the successful bidder. The question before it was how much time Kapil Chits could reasonably take to release the Rs 15 lakh prize amount the requirement for furnishing the necessary sureties was fulfilled.Rs 15 lakh chit prize delay case: How the mobile shop owner wonThe amount was payable to S.