Judgment Search Results Home > Cases Phrase: general insurance business nationalisation act 1972 section 36 exemptions Court: supreme court of india Page 5 of about 1,249 results (0.134 seconds)

Balmer Lawrie and Co. Ltd. and ors. Vs. Partha Sarathi Sen Roy and ors ...

Court : Supreme Court of India

..... companies act, 1956. the shares of the appellant company were originally held by indo-burma petroleum co. ltd., life insurance corporation, unit trust of india, general insurance corporation and its subsidiaries, nationalised banks and also by the public. subsequently, in 2001 its majority equity shares, i.e. 61.8% of ..... its shareholding, which was held by ibp co. ltd., was transferred to balmer lawrie investments ltd. (blil), a govt. company in which 59% shares are held by the government. b. the appellant company carries on business ..... does not confer upon it any monopolistic character, as there are several private companies that are carrying on the same business and some of these businesses are even generally carried on by individual persons. under the conduct, discipline and review rules applicable to the officers of the appellant .....

Ksl and Industries Ltd. Vs. Arihant Threads Ltd. and ors.

Court : Supreme Court of India

Reported in : IV(2008)BC421(SC); 153(2008)DLT27(SC); 2008(12)SCALE42; (2008)9SCC763

..... that if lic act was considered `special', it must operate over id act treating id act to be `general' law. noticing, however, the long title of lic act and its object for providing nationalization of life insurance business in the country and the matters connected therewith, the court observed that the primary purpose of the act ..... beyond doubt' that it was not concerned with disputes between employer and employee. the principal object of the act was nationalization of insurance business and it was a `special' legislation so far as business purpose was concerned. disputes between employer and employee had been dealt with by id act which was a `special' law covering that ..... field and if there is dispute between employer and employee in life insurance corporation, lic act must be treated as `general law' vis-`a-vis id act .....

Ksl and Industries Ltd. Vs. M/S. Arihant Threads Ltd. and ors.

Court : Supreme Court of India

..... . but however, the disputes between employer and employee had to be dealt with under the id act which was a special law for resolving such disputes and if a dispute arose between employer and employee in the life insurance corporation, the lic act must be treated as general law and the ..... the provisions of the id act in his complaint, and the matter would have to be decided in accordance with the lic act. the court observed that the lic act was special as regards nationalization of the life insurance business ..... the two laws i.e. the industrial disputes act, 1947 (the id act) and the life insurance corporation act, 1956 (the lic act), was a special law. having regard to the doctrine of generalia specialibus non derogant (general provisions will not abrogate special provisions), it was submitted that an employee of the lic cannot invoke .....

Tariff Advisory Committee Vs. Hajjan Nanhi and ors.

Court : Supreme Court of India

Reported in : AIR1999SC2324; (1999)1SCC187

..... the learned attorney general that in the judgment in jt. council of bus syndicate v. union of india1 the questions raised in various high courts stand ..... challenging section 64-uc of the insurance act, 1938, and also the enhancement of motor tariff insurance premium ranging between 182.75% to 244% of the existing tariff to be paid by the transport operators and also the exercise of powers of the central government under section 35 of the general insurance corporation act. it is stated by ..... concluded leaving no scope for further arguments. in the circumstances, the learned attorney general prays for transfer of some of the cases pending in various high courts for convenient disposal to this court.3. notice was issued by an order of this .....

New India Assurance Co. Ltd. Vs. VipIn Behari Lal Srivastava

Court : Supreme Court of India

Reported in : [2008(117)FLR570]; JT2008(3)SC149; (2008)IILLJ317SC; (2008)3MLJ272(SC); 2008(2)SCALE727; (2008)3SCC446

..... fide act on the part of the workman. the bank, as noticed hereinbefore, in response to the lawyer's notice categorically stated that the workman had been carrying on some business elsewhere.19. we cannot accept the submission of mr. mathur that only because on a later date an application for grant of medical leave was filed, the same ipso facto ..... as noted above.the case of the appellant was really not of abandonment but of an unauthorized absence.7. the rules governing 'leave' read as follows(1) general principles governing grant of leave: the following general principle shall govern the grant of leave to the employees: (a) leave cannot be claimed as a matter of right.(b) leave shall be availed of .....

Life Insurance Corporation of India Vs. Sunil Kumar Mukherjee and ors.

Court : Supreme Court of India

Reported in : AIR1964SC847; [1964(8)FLR158]; (1964)ILLJ442SC; [1964]5SCR528

..... mukherjee before the calcutta high court, and the learned solicitor-general contends that the high court was in error in upholding mr. mukherjee's plea. 6. the history of the nationalisation of the life insurance business in this country is well-known. on the 19th january, 1956, the life insurance (emergency provisions) ordinance (no. 1 of 1956) was ..... promulgated by the president for the purpose of taking over, in the public interest, the management of the life insurance business, pending nationalisation of such business. in due course, act no. 9 of 1956 was passed which took the place of the original ordinance and it came into effect on the ..... could be utilised in any other capacity in the corporation, and if yes, on what remuneration 19. the learned solicitor-general has contended that when the corporation took over the controlled business of insurers in this country on the appointed day, it was found that a large number of employees in the category of field .....

B.S. Yadav and anr. Vs. Chief Manager, Central Bank of India and ors.

Court : Supreme Court of India

Reported in : AIR1987SC1706; 1987(35)BLJR514; [1987(54)FLR701]; JT1987(2)SC347; 1987(1)SCALE1154; (1987)3SCC120; [1987]3SCR165; 1988(1)SLJ45(SC); 1987(2)LC717(SC)

..... promoted as an officer prior to july 19, 1969, i.e., prior to the date on which the banking business of the former banking companies was nationalised and to an employee recruited prior to nationalisation but promoted as an officer thereafter. rule 3 of the rules for age of retirement relates to an officer ..... as the employees recruited after nationalisation were concerned the government applied the rules generally applicable to all its employees in other spheres of government service.16. we have given detailed reasons in our judgment in the life insurance corporation of india and anr. etc. v. s.s. srivastava and ors., (civil appeal nos. 1076-1077 ..... the central government under the authority of the above said ordinance and the act, reverted to the banking companies. with a view to resuming control over the business of those banking companies, the president again promulgated on february 14, 1970 the banking companies (acquisition and transfer of undertakings) ordinance, 1970. the provisions of .....

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

Court : Supreme Court of India

Reported in : 1987(1)SCALE100; (1987)1SCC424; [1987]2SCR1; 1987(1)LC586(SC)

..... . that is what it is in the ultimate analysis.7. 'the peerless general insurance & investment co. ltd.' was incorporated in 1932. after the nationalisation of the business of life insurance the name of the company was changed to 'the peerless general finance & investments co. ltd.' for over a quarter of a century now, the business of the company has been that of 'finance & investment'. the company offers ..... has now been deleted from the scheme and this is more than what the life insurance corporation, a monolithic, monopolistic public sector corporation has done. he even hints that the company may be nationalised and the company would raise no protest. according to him the closure of the business of the company will result in throwing out of employment tons of thousands of .....

Bank of India and ors. Vs. O.P. Swaranakar Etc.

Court : Supreme Court of India

Reported in : AIR2003SC858; 2003(3)ALLMR(SC)356; 2003(1)AWC798(SC); JT2002(10)SC436; (2003)ILLJ819SC; (2003)2SCC721; [2002]SUPP5SCR438; 2003(1)LC225(SC); (2003)1UPLBEC594

..... banking transaction, compliance with prudential norms and consequent emphasis on improved risk management and assert liability management, as also banks' foray into new business areas such as insurance, capital markets, etc. 3.15.2 different committees and experts have in the recent past perceived excess staff in banks especially in the ..... however, observe that the scheme adopted by the state bank of india (hereinafter referred by 'sbivrs') in certain respects differ from the scheme of the nationalised banks (hereinafter referred to the 'said scheme'). for our purpose, we would consider them separately.7. the said scheme was applicable in relation to employee ..... reads thus:-'application for offer to seek voluntary retirement from the service of the bank.(for workmen employees & officers upto scale-iii)the dy. general managerpersonnel divisionhead officenew delhi.(through proper channel)sir, sub: voluntary retirement. i hereby offer to seek voluntary retirement from the services of the bank .....

Mrs. Helen C. Rebello and ors. Vs. Maharashtra State Road Transport Co ...

Court : Supreme Court of India

Reported in : II(1998)ACC512; 1999ACJ10; 1998VIIAD(SC)269; AIR1998SC3191; 1999(1)ALLMR670; [1999]95CompCas509(SC); (1999)1GLR322; JT1998(6)SC418; 1998(2)MPLJ563; RLW1999(1)SC126; 1998(5)

..... act, no. 31 of 1956), quoted hereunder :'an act to provide for the nationalisation of life insurance business in india by transferring all such business to a corporation established for the purpose and to provide for the regulation and control of the business of the corporation and for matters connected therewith or incidental thereto.'23. many invest ..... pension, gratuity or any other pecuniary advantage received by the claimant was neither raised, considered or adjudicated. the passage quoted above only referred to the general principle under the common law with reference to the decisions of the english courts made under the fatal accidents act of 1846. in that case ..... after considering all aspects including english decisions and the decisions of this court, rightly concluded to deduct the life insurance money out of the compensation payable to the claimant.36. so far as the general principle of estimating damages under the common law is concerned, it is settled that the pecuniary loss can .....