Judgment Search Results Home > Cases Phrase: deposit insurance and credit guarantee corporation act 1961 section 31 reserve fund Page 10 of about 6,756 results (0.570 seconds)

Rama Gupta Vs. Rai Singh Jain

Court : Delhi

Reported in : 8(1972)DLT375

..... the section to hold that the benefit was equivalent to the one that the tenant could have got under section 14(2). in the case of the life insurance corporation of india aforernentioned, payment of the rent was made by the tenant on the first date of hearing so that no order under section 15 was necessary ..... controller, withdrawing the eviction petition and the following order was passed:- 'in accordance with the statement of the counsel for the petitioner, the application stands dismissed. the amount deposited by respondent be paid to the petitioner subject to adjustment on fixation of standard rent. parties shall bear their own costs. sd/- sudarshan aggarwal, a.r.c. ..... reported as smt. sumitra rani v. m/s. bennet coleman and ltd. and the life insurance corporation of india v. m/s. meghraj mannulal. in both these cases it was held that if the tenant saves himself from ejectment by making a deposit, though not in compliance with section 15, it is still possible to reach the conclusion that .....

Marshal Paper and Board Mill Ltd. Vs. Union of India (Uoi) and ors.

Court : Madhya Pradesh

Reported in : (2009)IILLJ448MP; 2008(5)MPHT155

..... whims and fancies of the corporation. the regional director is authorised to adjudicate, determine and compute before the same is called in question before the employees' insurance court. the pre-deposit in our considered view, cannot be held to be unreasonable and arbitrary. the parity that is sought to be drawn by mr. gupta between the provisions ..... employer in such a situation as the 2002 act put the borrowers. true it is, the principal employer can dispute the claim put forth by the insurance corporation but the deposit as stipulated in section 75(2-b) cannot be said to be harsh, unreasonable and arbitrary or it cannot be said that it is an adjudication ..... between a principal employer and the corporation in respect of any contribution or any other dues shall be raised by the principal employer in the employees' insurance court unless he has deposited with the court fifty per cent. of the amount due from him as claimed by the corporation: provided that the court may, for the reasons .....

international Industrial Gases Limited Vs. Union of India (Uoi) and or ...

Court : Kolkata

..... principal borrower or any sister concern of such borrower. it is the argument of the respondent no. 2 [paragraph 3(viii) of a.o.] that as a credit risk insurer they have unassailable right to assess risk that are offered to it for cover and to decline such risk that are patently uninsurable or found to be bad risk and ..... prevent the banks from advancing any amount they wish to those exporters included in the sal at their own risk. but as a credit risk insurer this respondent has the unassailable right to assess the credit risk that are offered to it for cover and to decline such risks that are patently uninsurable or found to be bad risk and ..... notice to the borrower who is a terminal beneficiary of the transaction involving insurer and the bank, the insurer does not violate any principle of natural justice. in 1989 (1) scc 229 the petitioner was a government contractor who was blacklisted without notice as he did not deposit the dak amount being the highest bidder in the auction sale. such .....

Fdic Vs. Philadelphia Gear Corp.

Court : US Supreme Court

..... fortified by its behavior over the following page 476 u. s. 439 decades. the fdic has asserted repeatedly that it has never charged deposit insurance premiums on standby letters of credit backed by contingent promissory notes, and philadelphia gear does not contest that assertion. see tr. of oral arg. 42. congress requires the ..... to consider whether a standby letter of credit backed by a contingent promissory note is insured as a "deposit" under the federal deposit insurance program. we hold that, in light of the longstanding interpretation of petitioner federal deposit insurance corporation (fdic) that such a letter does not create a deposit and, in light of the fact that ..... the assets and "hard earnings" that businesses and individuals have entrusted to banks. this purpose would not be furthered by extending deposit insurance to cover a standby letter of credit backed by a contingent promissory note, which involves no such surrender of assets or hard earnings to the bank's custody. .....

Surat District Co-operative Bank Vs. Income Tax Officer and ors.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Reported in : (2003)262ITR1(Ahd.)

..... case which reads as under: "in the ordinary case of a bank, the business consists in its essence of dealing with money and credit. numerous deposits place their money with the bank often receiving a small rate of interest on it. a number of borrowers receive loans of a large part of ..... and conveniences calculated to benefit employees on ex-employees of the company or the dependents or connections of such persons; granting pensions and allowances and making payments towards insurance, subscribing to or guaranteeing moneys for charitable or benevolent objects or for any exhibition or for any public, general or useful object; (k) the acquisition, ..... a managing agent or secretary and treasurer of a company; (c) contracting for public and private loans and negotiating and issuing the same : (d) the effecting, insuring, guaranteeing, underwriting, participating in managing and carrying out of any issue, public or private, of state, municipal or other loans or of shares, stock, debentures, or .....

Sri Madhav Roller Flour Mills Pvt. Ltd. Vs. State Bank of India and or ...

Court : Patna

..... reserve bank of india only in relation to fund limit and stated that the same to do not cover the letters of credit of bank guarantee. the bihar chamber of commerce also took up the matter with the deposit insurance and credit guarantee corporation (d.i.c.g.c.) with respect to the fee charged to the borrowing units, vide annexure-14 to ..... case of the petitioner is based on non-fund based limit. as such, according to the petitioner, the respondent-bank was not legally justified in charging any fee for deposit of the same with the d.i.c.g.c. thus, according to the learned counsel for the petitioner, the debit of rs. 28,087.50 from the account ..... according to which, guarantee fee for the half yearly period ending december, 1985 to december, 1988 in question is payable by the borrower in case of non-fund based credit facility like the one in question. it is, thus, submitted that the respondent-bank has correctly debited the requisite amount towards the arrears of guarantee fees as per the terms .....

Kanta Mehta Vs. Union of India and Others

Court : Delhi

Reported in : [1987]62CompCas769(Delhi)

..... 1969, to 38.4 per cent. by june, 1984. the safety aspect of the deposits with the banks has been safeguarded by the deposit insurance scheme which shows that at the end of june, 1984, the deposit insurance and credit guarantee corporation had insured deposits to the extent of rs.46,339.53 crores, almost 74.8 per cent. of ..... the assessable deposits. every depositor's deposit up to rs. 30,000 is fully covered. the ..... an unlimited and unrestricted access to public funds. thus, to meet the situation and to invest the reserve bank as custodian of monetary and credit system and to regulate the deposit acceptance activities of such institutions, chapter iii-b was inserted in the reserve bank of india act by the banking laws (miscellaneous provisions) act .....

Eastern Agency Vs. Life Insurance Corporation of India

Court : Kolkata

Reported in : AIR1970Cal193

..... workers under it, which would secure the initial deposits from the parties and which would also strictly carry out the instructions issued by the insurance company from time to time. paragraph 3 of the agreement also prohibits the plaintiff from collecting premium or pledging the credit of the insurance company or in any way vary the terms of ..... the contract of insurance. mr. sen submitted that these clauses clearly showed that the duties of the plaintiff firm under the said agreement was ..... for the conduct of all the field workers under its organisation and was directed to secure the deposits from the parties in advance along with the proposal. the plaintiff firm also undertook not to represent any other life insurance company nor to divulge any of the business secrets of the company. these terms leave no doubt .....

Azad Rickshaw Pullers' Union (Regd.) Ch. Town Hall, Amritsar and Ors. ...

Court : Supreme Court of India

Reported in : AIR1981SC14a; 1980Supp(1)SCC601; [1981]1SCR366; 1980(12)LC807(SC)

..... repayment will, at all reasonable times, be entitled to have physical verification of the vehicles, without interference with the occupation of the rickshaw pliers.11. if group insurance of rickshaws and of the life of the rickshaw pliers is feasible, the municipal commissioner will work out a scheme in this behalf in consultation with the unions in ..... by the state government. the bank shall advance 95% by way of loan towards the purchase of the cycle rickshaw. the sum of rs. 50 to be deposited initially by the rickshaw puller is expected to cover the remaining 5%. the loan amount shall be repaid by the rickshaw puller concerned in 15 monthly instalments (or ..... chosen) will receive a sum of rs. 50 by way of deposit towards the loan to be advanced to the applicant. the rickshaw pliers shall make this initial deposit to be eligible for the bank loan. the balance of the loan shall be guaranteed by the credit guarantee corporation of india (small loans) whereupon the concerned bank will .....

Daga and Co. (P.) Ltd. Vs. Commissioner of Income-tax

Court : Kolkata

Reported in : [1997]227ITR480(Cal)

..... for determination in this case is as to whether the amounts on which interest was paid by the assessee-company in all these three years were deposits or were the cash credits in the current account or in the course of business of the company. to constitute a currentaccount or an account in the course of business ..... the company and the account-holder. the only debit entries in the accounts were in respect of statutory payments made to the government or to the life insurance corporation. there are no mutual transactions between the assessee-company and the depositors. the findings of fact made by the tribunal have not been challenged as ..... accounts shows that they were not current accounts. there are credit entries of cash balance and the amount of interest accrued and also the amounts of dividends received from, other companies. on the debit side, only payment to certain persons on their behalf, viz., to the life insurance corporation, the municipal corporation, etc., and tax deducted at .....