Court : Delhi
Reported in : [1999]96CompCas950(Delhi); 1996RLR487
..... thecourt in that case held that the tribunal set up under lic act would not loose jurisdiction to proceed if 'a company was to be wound up subsequent to the life insurance corporation act coming into force. in rashtriya mill mazdoor satish nagpur v. model mills nagarpur reported as 1984 (3) clj ..... 249,the supreme court had held that the provisions of. the industrial disputes act 'snd the bombay industrial regulations act were special provisions viz-a-viz the provisions ..... ltd. v. jyoti bala desai reported as : air1962cal86 it has been held that the banking companies act was a special act viz-a-viz the companies ad. the judgment in the case of damji valji shah and another v. life insurance corporation of india and others :reported as : [1965]3scr665 was also cited' in this connection. .....
Tag this Judgment!Court : Andhra Pradesh
Reported in : AIR1964AP407; (1962)IILLJ639AP
..... counsel for the petitioners from the absence of any provisions in the road transport corporations act similar to those found in section 58 of the andhra state act, section 125 of the states reorganization act and sections 55 and 56 of the advocate act, 1961, as also section 11 of the life insurance corporation act. we may, however, point out that the government of andhra pradesh after establishing the ..... road transport corporation with effect from january 11, 1958, transferred the business of the erstwhile road .....
Tag this Judgment!Court : Allahabad
Reported in : [2006(111)FLR449]
..... are clearly of the view that the provisions of the standing orders act must prevail over section 79(c) of the electricity (supply) act in regard to matters to which the standing orders act applies.'7. the further reliance has been placed upon the judgment in the life insurance corporation of india v. d.j. bahadur and ors. and has submitted that nevertheless, submissions remain operative ..... till replaced by the fresh settlement. in relation to the settlement of industrial dispute, industrial disputes act with a special legislature while l.i.c. act is a general institution and has placed reliance upon paras .....
Tag this Judgment!Court : Delhi
Reported in : ILR1972Delhi256
..... statute usually stand below the rules. (they require the previous approval of the government, e.g. under section 54 of the agricultural produce (development and warehousing) corporation act, 1956 and section 49(2)(b) of the life insurance corporation act, 1956. they cannot be inconsistent with the rules. while the rules are generally made by the government, the regulations are made by a body which is ..... question posed by the supreme court was whether in such cases a declaration of reinstatement could be granted. the indian airlines corporation was constituted by the air corporation act, 1953. regulations have been made by the corporation in pursuance of the power conferred by section 45 of this act. this act also contains provisions similar to the provisions contained in sections 28 and 29 of the .....
Tag this Judgment!Court : Kerala
Reported in : (1998)2CompLJ315(Ker)
..... cas 755 wherein the scope of section 446 of the companies act, vis-a-vis section 41 of the life insurance corporation act was discussed. the supreme court was of the opinion that the provisions of the special act, i.e., the life insurance corporation act will override the provisions of the general act, namely, the companies act, which is an act relating to companies in general. if the above view is accepted ..... the special provisions contained in the negotiable instruments act regarding the cheques, will definitely .....
Tag this Judgment!Court : Chennai
Reported in : [1980]124ITR240(Mad)
..... sum of rs. 58,360, representing 4% of the sum of rs. 14,59,000 being the face value of the shares 'sold' to the life insurance corporation of india and indian guarantee and general insurance co. ltd., bombay.5. we are concerned with the assessment year 1968-69, the relevant previous year ending on 30th june, 1967. the assessee ..... assessee-company as an allowable expenditure in its income-tax assessment. though no reference has been made in the question to section 37(1) of the i.t. act, the claim has actually been made only under the cover of that section. learned counsel for the assessee contended that under section 37(1) any expenditure incurred wholly ..... . under an agreement dated 14th august, 1965. under clause 5 of the said agreement, the assessee-firm agreed that it would, during the period of the agreement, act as the managing agent of the managed company for the remuneration and on the terms and conditions mentioned in it and would use its best endeavours to promote the interest .....
Tag this Judgment!Court : Kolkata
Reported in : AIR1976Cal224,80CWN278
..... in spite of repeated demands. the assets and liabilities appertaining to the controlled business of the said insurance company having been transferred to and vested in the plaintiff on and from september 1, 1956 under the provisions of the life insurance corporation act, 1956, the plaintiff is entitled to recover the dues from the defendant on account of the aforesaid ..... mortgage by deposit of title deeds in favour of the said insurance company. a sum of rs. 86,450/- including the sum of rs. 21 ..... .m. dutt, j.1. this appeal is at the instance of the defendant and it arises out of a suit for mortgage.2. the plaintiff is the life insurance corporation of india and its case is that the defendant is the sole and absolute owner of the properties described in schedules b, b (1) and b (2 .....
Tag this Judgment!Court : Kolkata
Reported in : AIR1979Cal243
..... limited put the said decree into execution. during the pendency of the execution case the life insurance corporation act, 1956 was enacted and, consequently, the life insurance corporation of india was substituted as the decree-holder in place of the calcutta insurance company limited in sept. 1966. the opposite party made several deposits in the executing court by ..... the opposite party. being aggrieved by the said order of the learned subordinate judge, the present rule has been obtained by the petitioner, the life insurance corporation of india.6. the only question that is involved in this rule is whether the petitioner was justified in appropriating the deposits of money made ..... amount of the decree.the decision of the supreme court in meghraj v. bayabai : [1970]1scr523 (supra) and the bench decision of this court in life insurance corporation of india v. gadadhar de, : air1978cal419 on which much reliance has been placed on behalf of the petitioner do not apply to the facts' and .....
Tag this Judgment!Court : Kolkata
Reported in : AIR1978Cal221
..... years as and when the company is in a position to do so'. 3. it is further alleged that the life insurance corporation of india the defendant, is the successor in interest of the insurance company under the life insurance corporation act, 1956 and as such is liable to pay the said sum of rs. 26,000/- to the original plaintiff. ..... payable upon a contingency does not become a debt until the happening of the contingency. 16. relying on section 2(3), 7 and 9 of the life insurance corporation act of 1956, mr. sen contends that the plaintiff's claim could not be stated to be referable only to the controlled business on the date of taking ..... sustained if it could be established that there was ability to pay. lastly, mr. roy contended that under section 7 of the life insurance corporation act 1956 all debts, liabilities and obligations of the insurance company including the claim of the plaintiffs which pertained to its controlled business vested in the defendant which became substituted in place of .....
Tag this Judgment!Court : Supreme Court of India
Reported in : (1969)3SCC49; [1970]2SCR538
..... insurance co. ltd., calcutta v. life insurance corporation of india [1963] supp.2 s.c.r.971 the appellant carried on life insurance business in addition to other insurance business. on the passing of the life insurance corporation act, 1956, which was intended to nationalise all life insurance business, 'its controlled business' stood vested in the life insurance corporation ..... of india from the appointed date but the company was entitled to compensation. the life insurance tribunal to whom the dispute between the company and the life insurance corporation ..... 20 of the andhra pradesh (andhra area) estates (abolition and conversion into ryotwari) act, 1948, shall be entitled to compensation from the government, which shall-(i) in the .....
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