39. Winding up application.- The application to the court for the winding up of a chit shall be by a petition presented by any nonprized subscriber or unpaid prized subscriber or by the Registrar, signed and verified in the manner prescribed by the Code of Civil Procedure, 1908 (Central Act V of 1908), and shall contain such particulars as may be prescribed : Provided that no application for the winding up of a chit under clauses (d) and (h) of section 38 shall lie unless such petition is presented.- (a) By those non-prized subscribers and those unpaid prized subscribers whose subscriptions to the chit amount in the aggregate so at least twenty-five per cent of the amounts contributed by all the non-prized subscribers and unpaid prized subscribers; or (b) With the previous sanction of the Administrator. Explanation.- For the purpose of the above proviso, a subscriber of a fraction of a ticket shall be deemed to be a subscriber only to the extent of such fraction. | 
