Judgment Search Results Home > Cases Phrase: insurance act 1938 4 of 1938 section 7 deposits Page 12 of about 288,194 results (0.656 seconds)

Reserve Bank of India Vs. Pattem Surya Prakash Rao and ors.

Court : Andhra Pradesh

Reported in : 2007(6)ALT563

..... reserve bank that such a licence cannot be granted to it.(iii) every co-operative bank which has come into existence after the commencement of the deposit insurance corporation (amendment) act, 1968, as a result of the division of any other co-operative society carrying on business as a cooperative bank, or the amalgamation of two ..... the deposits to be repaid and that mere inability of the bank to immediately repay the deposits is not a justifiable ground for cancellation of licence.4. the rbi acted hastily in directing winding up of the bank on 3.12.2004 itself even before cancelling the bank's licence and this action prevented the bank ..... in commercial construction, an activity expressly prohibited by rbi. the top 86 borrowal accounts with outstanding balance of rs. 100 lakh and above accounted for 60.4% of bank's total loans and advances.the outstanding balances in several individual and group borrowal accounts had continued to exceed prudential exposure ceilings stipulated by rbi. .....

Haridas Exports Vs. All India Float Glass Mfrs. Association and ors.

Court : Supreme Court of India

Reported in : AIR2002SC2728; [2002]111CompCas617(SC); II(2002)CPJ11(SC); 99(2002)DLT76(SC); 2002(82)ECC683; 2002LC14(SC); 2002(145)ELT241(SC); JT2002(5)SC253; 2002(5)SCALE253; (2002)6SC

..... which specific provision exist in the- (i) reserve bank of india act, 1934 (2 of 1934), or the banking regulation act, 1949 (10 of 1949), or (ii) state bank of india act, 1955 (23 of 1955), or the state bank of india (subsidiary banks) act, 1959 (38 of 1959), or (iii) insurance act, 1938 (4 of 1938), shall not apply to a banking company, the state bank of india ..... or a subsidiary bank, as defined in the state bank of india (subsidiary banks) act, 1959 (38 of 1959), or an insurer, as the case may be.' 21. he submitted that the provisions .....

Oriental Insurance Co. Ltd. Vs. Upendra Babu Dubey and ors.

Court : Allahabad

Reported in : 2002ACJ1842; 2002(1)AWC813

..... given and the cover note is issued but for some reason it is dishonoured, the policy can be cancelled only in accordance with the provisions of section 147(4) of the act which reads as under :'147 (4) where a cover note issued by the insurer under the provisions of this chapter or the rules made thereunder is not followed by a policy of ..... ground that the accident had taken place on 13.1.1999 and prior to it, the policy having been cancelled, the appellant was not liable to indemnify the insured under the provisions of section 149 of the motor vehicles act, 1988 (in short the act).4. briefly, the facts are that the owner of the vehicle gave a cheque dated 3.10.1998 for ..... insurance of the vehicle in question. on 9.10.1998 the cover note was issued to him by the appellant. the cheque issued by the insured was bounced on account of the funds .....

Ashok Kumar and ors. Vs. Dhulia

Court : Madhya Pradesh

Reported in : 1992ACJ519

..... the accident, (d) agricultural income of rs. 300/- and daily wages of rs. 15/- not proved.4. none of these grounds is available to the insurance company as a ground of attack permissible under the law, section 96 (2), motor vehicles act, 1939. mr. dandwate, however, urged that the owners are also co-appellants. it is for this reason ..... was put to any witness, nor any evidence adduced in this behalf.5. claim proceedings under the motor vehicles act are not to be inserted with a litigative approach, more so by nationalised insurance company, an instrumentality of the state, supposed to be virtuous litigant.6. coming to the evidence on record, the first point regarding medical ..... section 110-d of the motor vehicles act is directed against award dated 31.7.1988 passed by member, motor accidents claims tribunal, jhabua in claim case no. 36 of 1988 awarding rs. 61.500/- as against claim of rs. 1,80.000/- to the claimant-respondent.2. the insurer has joined the owners as appellant probably .....

Vidya Singh Vs. Life Insurance Corporation of India and anr.

Court : Punjab and Haryana

Reported in : 2006ACJ1892; AIR2004P& H359; (2004)138PLR700

..... mere inaccuracy of a statement at the time of taking of the policy after two years of the policy. section 45 of the insurance act, 1938 incorporates this principle. after two years, policy can be avoided only if second part of section 45 applies. as held by the apex court. 'the three conditions for the application ..... , dw-7 and suicide note dw-13/1 do not in any manner prove the case that at the time of taking of policy, the insured suffered from disease of mental depression or any other disease.(iv) findings of the courts-below are clearly vitiated by erroneous approach to law, there being no legal evidence to show that deceased had deliberately made ..... the deceased. it was strenuously argued by shri d. v. sehgal, advocate, appearing for the lic that from the history sheet of the patient as shown in exhibit dw-6/4, and as contained in the pgi record, it is clear that the deceased was a known case of hypertension for the last 7 years, and, therefore, it should be held .....

Employees' State Insurance Corporation Vs. K.A. Vijayan and Anr.

Court : Kerala

Reported in : [2000]99CompCas31(Ker)

..... director or a whole-time director ; (b) a firm means a partner in the firm.' 6. under sub-section (1) of section 86a of the employees' state insurance act any person, who at the time the offence was committed was in charge of, and was responsible to the company for the conduct of the business of the company, as ..... v. modi distillery [1988] 63 comp cas 77 ; air 1988 sc 1128, are also similar to the provisions of section 10 of the essential commodities act and section 86a of the employees' state insurance act. in that judgment the supreme court has observed as follows (page 82 of 63 comp cas) : 'although as a pure proposition of law in the ..... deals with offences by companies is also identical to section 86a of the employees' state insurance act. in that judgment this court followed the judgment of the supreme court in sheoratan agarwal v. state of madhya pradesh [1984] 4 scc 352. in that judgment this court has quotedthe observations of the supreme court quoted by me in the preceding paragraph .....

M.P. State Electricity Board Vs. the Collector and anr.

Court : Madhya Pradesh

Reported in : 2003ACJ971; AIR2003MP156; 2003(1)MPHT371

..... the electric wire.3. the collector has awarded a compensation of rs. 25,000/-holding that the electricity is a hazardous substance as per public liability insurance act, 1991.4. the petitioner in the instant writ petition avers that m.p. electricity board is a body duly constituted under section 5 of the electricity (supply ..... further averred in the instant writ petition that the electricity has not been notified by the central government as hazardous substance under section 2(d) of the public liability insurance act, 1991. notification issued on 24-3-1992 by the central government makes no mention of electricity as hazardous substance, hence in the absence of notification of electricity, ..... energy is not 'goods' within the meaning of article 52 requires more consideration. it may be noted first of all that in the lahore case cited in air 1938 lah. 338 no such objection appears to have been taken and it was assumed that the article applied to electric energy as much as to any other commodity. .....

Surveyors' Welfare Association (Regd.) Vs. Union of India

Court : Delhi

Reported in : 1996(36)DRJ296

..... comply with the provisions of section 64um of the insurance act, 1938 (hereinafter referred to as the act.) and to quash all appointments of unqualified persons acting and/or performing duties of surveyors in contravention of section 64um of the act and to substitute them with only licensed surveyors in terms of the insurance act. (2) in the writ petition the appellant, ..... that claims, the value of which is less than rs. 20,000.00 could be settled by the insurance company itself, without reference to the approved assessors or surveyors as the provision of section 4 ljm of the act do not bar in house assessments or settlement of claims in such cases.(3) on, the analysis of ..... case. such other approved surveyor or loss assessor from whom an independent report is called for is to submit his report to the controller. sub- section (4) authorises the controller, on receipt of the report to issue such direction as he may consider necessary with regard to the settlement of claim which could be .....

United India Insurance Company Ltd. Vs. Abdul Razak and Another

Court : Kerala

..... lie unless a substantial question of law is involved in it, in view of the first proviso to section 30(1) of that act. 2. before the commissioner, the insurer denied liability to indemnify the insured on the plea that the incident did not arise in the course of employment. it also disputed the lump sum payment claimed by ..... as regards the appealing insurer's second plea based on new india assurance co.ltd.(supra), the fact that the medical certificate has ..... in explanation-ii to section 4(1)(a) and (b) is not applicable to cases which fall under section 4(1)(c). the appealing insurer's plea that the commissioner ought to have pegged the monthly income of the workman at rs.4,000/- applying explanation-ii occurring after clauses (a) and (b) of section 4(1) of the act, therefore, fails. 6. .....

Life Insurance Corporation of India and ors. Vs. S.S. Srivastava and o ...

Court : Supreme Court of India

Reported in : AIR1987SC1527; [1987(54)FLR750]; JT1987(2)SC529; (1987)IILLJ414SC; 1987(1)SCALE975; 1988Supp(1)SCC1; [1987]3SCR180; 1987(2)LC681(SC)

..... order applied to all transferred employees who had become employees of the corporation under section 11(1) of the act and who were in supervisory, clerical and subordinate grades (now classified as class iii and class iv employees) of the erstwhile insurers on 31st august, 1956. clause 13 of the above order, which related to the age of superannuation read ..... date he attained the age of 58 years. clause (b), however, provided that every ministerial railway servant who had entered the government service on or before 31st march, 1938 and who satisfied the conditions mentioned either in sub-clause (i) or sub-clause (ii) thereof was entitled to continue in service till he attained the age of ..... shall retire on the day he attains the age of fifty-eight years.(b) a ministerial railway servant who entered government service on or before the 31st march, 1938 and held on that date-(i) a lien or a suspended lien on a permanent post, or(ii) a permanent post in a provisional substantive a capacity under .....