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Judgment Search Results Home > Cases Phrase: life insurance corporation act 1956 section 43 application of the insurance act Sorted by: old Court: punjab and haryana Year: 1984

Mar 07 1984 (HC)

Madan Lal Ramesh Chander and ors. Vs. Jagdish Singh and ors.

Court : Punjab and Haryana

Decided on : Mar-07-1984

Reported in : AIR1985P& H93

1.A bus and an oil-tanker coming from opposite direction collided on the Rajpura-Patiala road resulting in injuries to Sukhdev Singh, a young student travelling in the bus. This happened on May 26, 1973. Sukhdev Singh succumbed to his injuries in the hospital the next day.2. On the finding that the accident had been caused entirely due to the negligence of the driver of the oil-tanker, the Tribunal awarded Rs. 19,000/- as compensation to the claimants, they being the parents of Sukhdev Singh, deceased. The driver and owner of the oil-tanker as also the Insurance Company, with which the tanker had been insured were held liable for payment of the amount awarded.3. In appeal now, Mr. Munishwar Puri, counsel for the appellants sought to assail the finding of negligence recorded against the driver of the oil-tanker, by adverting to the evidence of the only witness examined in this behalf namely AW. 11 Labh Singh. This Labh Singh too was a passenger in the bus involved in the accident.4. Acc...

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May 01 1984 (HC)

Punjab Concast Steels Ltd. Vs. the Municipal Corporation, Ludhiana and ...

Court : Punjab and Haryana

Decided on : May-01-1984

Reported in : AIR1985P& H287

R.N. Mittal, J.1. Briefly the facts are that the petitioner is a Public Limited Company and is manufacturing steel ingots and other alloy and mild steels. It is the owner of property No. B. XXX/939 located at Focal point, Ludhiana which is in its self-occupation. No part of the building has been let out to anyone. The Municipal Corporation (hereinafter called 'the Corporation') in 1973-74 assessed the rateable value of the building at Rs. 1,25,460/- on which the amount of tax came to Rs. 15,795/-. From 1975 to 1977 the Corporation maintained the same rateable value of the building and assessed the same amount of tax as was done by it in 1973-74. In 1977-78 the rateable value of the building was proposed to be enhanced to Rs. 2,29,997/- by the Corporation. The petitioner filed objections against the proposed rateable value. It is alleged that the matter was compromised between the parties and the building was assessed at rateable value of Rs. 1,30,000/-.2. In the year 1980-81 the petiti...

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May 04 1984 (HC)

Punjab Financial Corporation, Chandigarh Vs. Stylo Industries and ors.

Court : Punjab and Haryana

Decided on : May-04-1984

Reported in : AIR1984P& H387

1. This appeal has been filed by the petitioner appellant against the order of the Additional District Judge, Hoshiarpur, dated 3rd November, 1983.2. Briefly, the facts are that the business of the appellant is to grant loans to the industrial concerns on the security of their movable and immovable properties. Respondent 1 is an industrial concern engaged in the business of manufacturing the bench vices and machine vices. Respondents 2 to 7 are its partners. Respondent 1 made an application to the appellant for loan which was sanctioned in its favour to the tune of Rupees 5,90,000/-. Out of the said sanctioned loan, Rs. 4,28,100/- were advanced by the appellant to respondent 1 and the balance was withheld in view of the default committed by the respondents in its repayment. Mortgage deed dated Ist February, 1977 was executed by the respondents in favour of the appellant. The amount was payable by them to the appellant with interest, in instalments. They, however, committed default in r...

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