Reserve Bank of India Vs. Peerless General Finance and Investment Co. Ltd. and ors.

Decided On : Jan-22-1987

Court : Supreme Court of India

LAW: Section 2(e, Constitution, Article 38(2, Constitution, Article 39(c, Central Act No, Chapter III, Section 45I(c, Section 2, Section 2, Section 45K, Section 294-A, the Indian Penal Code, Chapter VI, Section 2(f, Section 45I(c, Section 2(e, Section 4, Section 3, Section 5, Section 8, Section 11, the Banking Regulation Act, Section 12, Section 13, Section 13 of the Act.30, Rule 4, Section 2(e, Section 2(e, Section 2(e, the Directive Principles of Part IV, the Banning Act, Conventional Chit, Conventional Chit, Section 2(e, Section 2(e, Section 3, Section 4, Section 3, Section 5, Section 8, Section 2(e

PERSON: V. Khalid, Swapan, Kumar Guha, Chinnappa Reddy J.6, Unique, policies.15, Articles 38, Bhabatosh Dutta, Chit Funds, Simple ChitsIn, Prize ChitsIn, Business ChitsIn, Miscellaneous Non-Banking Companies, a Miscellaneous Non-Banking Company, Miscellaneous Non-Banking Companies, Banks, J.S. Raj, Miscellaneous Non-Banking Companies, Miscellaneous Non-Banking Companies, a Miscellaneous Non-Banking Company, Paragraph 4, The Miscellaneous Non-Banking Companies, Clauses, depositOrs.33, Krishna Iyer, Krishna Iyer, Dilworth, S.K. Gupta v., K.P. Jain, Dilworth, Chit, Bhabatosh, Peter

NORP: J.1, Peerless, Peerless, Pan-Indian, Paul41

ORG: Peerless, Peerless, Peerless, Court, Srinivasa Enterprises and Ors, v. Union of India, State, Srinivasa Enterprises, Srinivasa, Life Insurance Corporation, The Reserve Bank of India, The Union of India, the Reserve Bank of India, Peerless, the Life Insurance Corporation, Peerless, the Life Insurance Corporation, The Life Insurance Corporation, the Life Insurance Corporation, the Life Insurance Corporation, L.I.C., The Life Insurance Corporation, the Life Insurance Corporation, The Peerless General Insurance & Investment Co. Ltd.', the Peerless General Finance & Investments Co. Ltd.', the Endowment Certificate Scheme, Certificate, Certificate, Certificate, Certificate, Certificate, Certificate, Certificate, Schemes, Certificate, Medical Examination', Peerless, Peerless, Straightaway, the Life Insurance Corporation, the Life Insurance Corporation, the Life Insurance Corporation, the Reserve Bank of India, the Life Insurance Corporation of India, the Peerless Company, the Life Insurance Corporation, the Life Insurance Corporation of India, the Endowment Scheme of the Peerless Company, the Life Insurance Corporation, the Peerless Endowment Scheme, the Life Insurance Corporation, the Peerless Company, the Life Assurance Schemes, the Endowment Assurance Policy (Tables 11, Life Assurance, the Life Assured, the Life Insurance Corporation, the Life Insurance Corporation, the Life Insurance Corporation, the Life Insurance Corporation of India, State, Life Insurance, the Life Insurance Corporation, the Life Insurance Corporation, the Peerless Company, the Life Insurance Corporation, the Life Insurance Corporation of India, Savings, Peerless, the Life Insurance Corporation, Counsel for Peerless, State, the Reserve Bank of India Act, Non-Banking Institutions, Financial Institutions, Financial Institution, Institution, namely:-(i, State, which:(i, the Industrial Development Bank of India Act, Non-Banking Institution', the Reserve Bank, Non-Banking Institutions, the Reserve Bank, the Banking Commission, Study Group, The Study Group, Finance Institutions, Non-Banking Financial Institutions, Hire Purchase Finance Institutions, Mutual Benefit Funds, the Study Group, Chit Funds, Chits, The Study Group's, Chit Funds, Commercial Banks, Chit Fund, Chit Funds, the Reserve Bank of India, the Reserve Bank of India Act, the Reserve Bank, The Reserve Bank of India, Peerless, the Peerless Company, the Reserve Bank of India, the Reserve Bank, Public Fund, Government, Nationalised Banks, The Reserve Bank of India, free reserve fund, the free reserve, Government Trustee, the Reserve Bank of India, the Calcutta High Court, Favourite Investment Company, the Reserve Bank, the Miscellaneous Non-Banking Companies Directions, Peerless, the Endowment Certificates, Peerless Company, Favourite Company, the Favourite Company, Government, Peerless, Bank, Peerless, Government, Peerless, Peerless, Government, the Reserve Bank, Peerless, Peerless, Peerless, the Peerless Scheme, Peerless, Peerless, the Reserve Bank, the Favourite Bank, Study Group, the Reserve Bank, the Reserve Bank of India, The Study Group, the Miscellaneous Non-Banking Companies (Reserve Bank, the Study Group, the Miscellaneous Non-Banking Companies (Reserve Bank, and(b, the Miscellaneous Non-Banking Companies, Committee, Directions, the Miscellaneous Non-Banking Companies (Reserve Bank of India, the Study Group, Non-Banking Companies, Non-Banking Companies, the Datta Study Group, the Raj Committee, the Study Group, Group, Committee, Simple Recurring Deposit Schemes, the Raj Committee, the Reserve Bank, the Miscellaneous Non-Banking Companies (Reserve Bank, the Non-Banking Financial Companies (Reserve Bank, the Reserve Bank, The Non-Banking Financial Companies (Reserve Bank, the Miscellaneous Non-Banking Companies (Reserve Bank, Non-Banking Financial Company', Acceptance of Deposits, the Miscellaneous Non-Banking Companies Directions, Financial Institution', Reserve Bank of India Act, Clauses (v, Financial Institution', kuris, State, Counsel for the Reserve Bank, Peerless Company, Non-Banking Company, the Miscellaneous Non-Banking Companies (Reserve Bank Directions, the Miscellaneous NonBanking Companies (Reserve Bank, the Miscellaneous Non-Banking Companies (Reserve Bank, Money Circulation Scheme', namely:-(i, the Endowment Scheme, Company, a State Government, a State Government, the Central Government, the State Bank of India, the State Bank of India, Regional Rural Bank, the State Government, the Reserve Bank of India, the Central Government, the Reserve Bank of India, the State Government, the Reserve Bank, the State Government, The State Government, the Reserve Bank, The State Government, the Reserve Bank, the State Government, the Non-Banking Financial Companies (Reserve Bank, the Reserve Bank, the Peerless Company, the Miscellaneous Non-Banking Companies Directions, Company, Company, Company, the Reserve Bank, Company, Company, the Reserve Bank, the Reserve Bank, Company, the Reserve Bank, the Central Government, the Reserve Bank, the Peerless Company's, the Reserve Bank of India, the Peerless Company, Company, Company, Company, Company, Commercial Banks and National Savings Organisations, the Reserve Bank of India, Company, the Reserve Bank, Company, the Reserve Bank, Company, Company, the Reserve Bank, the Peerless Company, Company, Company, the Calcutta High Court, the Madhya Pradesh Government, the West Bengal Government, the High Court, the Calcutta High Court, the Calcutta High Court, the Reserve Bank of India, the Union of India, the Calcutta High Court, the Non-Banking Financial Companies (Reserve Bank, Directions, Company, the Calcutta High Court, Company, the Non-Banking Financial Companies Directions, the Reserve Bank of India, Directions, The Reserve Bank of India, Company, the Calcutta High Court, the Reserve Bank of India, the Calcutta High Court, Company, the Non-Banking Financial Companies (Reserve Bank, the Reserve Bank of India, the Union of India, Company, the Peerless Company, Recurring Deposit Scheme, Commercial Banks and National Savings Organisation, the Inspection Report of the Reserve Bank of India, the Reserve Bank, Commercial Banks, the National Savings Organisation, Recurring Deposit Schemes, Counsel for the Reserve Bank of India, Peerless, Counsel for Peerless, Parliament, all Recurring Deposit Schemes, the Life Insurance Corporation of India, the Commercial Banks and National Savings Organisation, Parliament, Peerless, Peerless, the Life Insurance Corporation, Public Sector Corporation, Company, DepositOrs, Srinivasa Enterprise v. Union of India, Court, Court, State, Court, Court, Srinivasa, Court, the Raj Study Group, Court, the Raj Committee, State, Parliament, the Union of India, Parliament, uncautious.34, Court, Court, Parliament, the Recurring Deposit Schemes, Parliament, C.I.T. Andhra Pradesh, Taj Mahal Hotel, Parliament, The Bhahatosh Datta Study Group, the Raj Study Group, The Study Groups, Vide Para 6.3, the Raj Study Group, Parliament, Parliament, the Raj Study Groups, Court, Srinivasa, Court, Raj Study Groups', Parliament, a Recurring Deposit Scheme, Clauses, Parliament, Parliament, Recurring Deposit Schemes, Recurring Deposit, the Endowment Certificate Scheme, the Peerless Company, the Reserve Bank of India, the Union of India, the Peerless Company, the Life Insurance Corporation, the Peerless Scheme, Life Insurance Policies, the Reserve Bank of India, the Union of India, Hyderabad, the Reserve Bank of India, the Peerless Company, Government Securities, National Banks, Urgent

ORDINAL: first, first, first, first, first, first, first, First, first, second, third, first, first, first, second, first, second, first, first, first

CARDINAL: two, three, 1981]1SCR801, 1982CriLJ819, two, two, three, 1,000, 100, 1,100, one, 1000, 100, 1,100, two, two, two, millions, 457, 48.07, 85.70, 129.23, 129.50, 126.47, 13.23, 21.73, 39.07, 69.82, 95.21, 95.17, 93.92, 12.50, 15.95, 22.32, 33.34, 57.79, 80.35, 101.40, 887.37, 563.72, 323.65, one, 21, 21, Two, 21, two, 21, 1,000, 83.90, three, 21, one, three, 22,31,385, 26,99,654, 82,71,19, 43,70,04, 46,19,80, 23,59,94, 99,589, one, two, three, 43, One, 55, 63, five, 2, 3, 4, three, three, more than one, one, 45, 2, one, 2, 2, 4, 1, 3).21, 3)(1)(i, 2, 4, 4(a, 4(b)(ii, 13, 13, two hundred thousands, 20,000, 4, two, between five to ten percent, 2.33, 105.38, 114.76, 4, 1973.24, 6.1, two, 6.3, one, 6.21, 6.21, 6.3, 6.3, two, 2, 2, 2, 5, 4, 5(1, more than, 19, 2(1)(1, 2, one, five thousand, several thousands, millions, 1979.31, 11, 11, 11, millions, thousands, millions, thousands, millions, 1981]1SCR801, three, one, 1, 2, 1971]82ITR44(SC, 1, 2, 3, two, One, 6.3, two, two, two, two, two, two, five thousand, one thousand, three thousand, one thousand, thousands, one, as many as ten, a quarter, At least two, 5000, eight Hundred, two

GPE: the State of West Bengal, India, Counsel, Policies, States, States, kuri, Bombay, Delhi, States, West Bengal, West Bengal, the State of West Bengal, the State of West Bengal, Quoting, Ardeshir Bhiwandiwala v., Bombay, Clauses, attributes.39, the State of West Bangal

FAC: Peerless

DATE: 1932, annual, years, 10 years, 30 years, 10 years, the end of the 10 year, annual, three years, two full years, 77 every year, ten years, the end of the tenth year, ten-year, annual, annual, annual, annual, three years, the first year's, three years, his first year's, the subsequent years', three years', daily, weekly, today, tomorrow, the first year's, years, the first year, the first year's, the first year's, the first year's, the years 1978, 1979, 1980,, 1981, 1982, 1983, 1984, 17, 16, 27.59, those years, the years, the years 1978 to 1984, first year, years, a single year's, the 10,20,30 years, 10,20,30 year, the first year, years, the first year's, the first year's, first year's, years' subscriptions.14, the end of 10 years, annual, the first year, the second year, the third year, three years, 14, 47, 48, annual, at least three years', the years ending March 31, 1983, March 31, 1985, the two years, 74,44,22, a year, the year ending March 31, 1983, 74,44,22, the first year previous to the year, 1,98,949, the 2nd year, the year, 83950, the 3rd year, the year, the year ending March 31, 1985, the first year previous to the year, the second year, the year, the third year, the year, earlier than the third year, the reviewed year, the first three years, 39, 41, daily, bonus year, 1964, 1972, 1964, 1932, 1970, 1973, six months, September 14, 1973, December 3, 1973, every year, every year, 1974, 1973, ten to thirty years, five to thirty years, five to thirty years, the second year, 1973, 1974, monthly, 1973, 1973, 1973, 1973, three years, one more year, 1977, 1977, 1977, 1977, 1973, 1973, 1977, 1977, 1973, more than six months, 14, 1977, 1977, less than six months, 1977, 1973, thirty six months, 1978, 1978, 1973, 1977, three years, 1979, 1977, July 1, 1977, March 3, 1978, more than 36 months, 36 months, 31st March, 1978, 1973, 36 months, first year's, the first three years, July 23, 1979, March 31, 1978, 1978, December 12, 1978, August 30, 1979, March 19, 1980, August 10, 1979, 1978, September 3, 1979, 1978, 1978, 3563, 3564, 3565, 4459, 1986, 1977, 3566, 3557, August 22, 1986, 1978, a few years, 1979, three years, one year's, two years, one year's, January 1, 1987 one, 30 months, 2000, 1000, 10000, between six months to five years, Christmas-Pongal

WORK_OF_ART: the Endowment Sum, 'Endowment Sum' and Rs, Report and Accounts', Chit Fund', 'Miscellaneous Non-Banking Companies (Reserve Bank, Ahmedabad, Bangalore, Conventional Chits', Prize Chits and Money Circulation Schemes (Banning, the Prize Chits and Money Circulation Schemes (Banning) Act, the Prize Chits/Money Circulation Schemes, the Prize Chits and Money Circulation Schemes Banning) Act, the Prize Chits and Money Circulation Schemes (Banning) Act, the Prize Chits and Money Circulation Schemes (Banning) Act, Civil Appeal Nos, Civil Appeal Nos, the Prize Chits and Money Circulation Schemes (Banning) Act, 'Prize Chit' in Section 2(e, the Prize Chits and Money Circulation Schemes (Banning) Act, a Prize Chit, the Prize Chit, Conventional Chits, the Prize Chits and Money Circulation Schemes (Banning, Conventional Chit', Conventional Chits', 4 SCC 54.36, 'Prize Chit', 'Prize Chits', 'Prize Chits', 'Prize Chit', 'Prize Chit', the Prize Chits and Money Circulation Schemes (Banning) Act, 'Prize Chits', 'Prize Chit', 'Prize Chit', the Prize Chit or Money Circulation Scheme, the Prize Chit or Money Circulation Scheme, Prize Chit or Money Circulation Schemes, Prize Chits and Money Circulation Schemes (Banning

PERCENT: about 6%, a little over 7%, 90%, 10%, 6%, 7%, 30%, 5%, 30%, 35%, 80%, 90%, 2 1/2 %, roughly thirty percent, 25%, over 90%, 25%, less than 50%, 6% and 7%, less than 75%, 10%, 8%, between 30% to 38%, between 3% to 6%

LOC: Indian Nationality, Policy, Policy, Policyholders

PRODUCT: Peerless, Auditors, Calcutta, Datta

EVENT: the Indian Partnership Act

TIME: the entire Act, the entire Act, morning