Judgment Search Results Home > Cases Phrase: principal interest taxes and insurance piti Court: delhi Page 1 of about 2,585 results (0.100 seconds)

industrial Finance Corporation of India and anr. Vs. Shama Forge Co. L ...

Court : Delhi

Reported in : 1993IIIAD(Delhi)461; 51(1993)DLT381; 1993(27)DRJ199

..... us-aid the full and prompt payment of the principal and interest of any and all disbursements under the loan of rs.47.50 lakhs granted to shama forge to the extent of rs.32 lakhs and in consideration thereof shama forge covenanted with ubi that shama forge would repay to ubi all the sum of sums of money which ubi paid or became liable to pay to us-aid under the said guarantee agreement and also to pay all costs, charges and expenses together with interest on the said sums ..... the court directed that the amount be paid to ifci who shall pay interest thereon at the rate of 12% per annum from the date of receipt thereof and that the interest accrued on the above amount every year shall be added to the principal amount and thereafter interest at the rate of 12% per annum shall be payable on the consolidated amount. ..... this tripartite agreement also specified that insurance policies in respect of the mortgaged premises shall be taken out in the joint names of shama forge, ifci and ubi though the policy of insurance shall beheld and retained by ifci for the common benefit of ifci and the ubi. ..... an application (cm 1248/84) was also filed by the commissioner of sales tax, indore, madhya pradesh, for being imp leaded as a party, but this application was not pursued. .....

Life Insurance Corporation of India Vs. Rajiv Lochan and anr.

Court : Delhi

Reported in : ILR1983Delhi125

..... according to them, after first adjusting the amount towards interest and the remaining towards principal, the amount payable by the judgment debtors came to rs. ..... it is to be seen as to what is the normal rule of appropriation of the amounts paid by a judgment-debtor to a decree-holder and whether such payments are to be appropriated towards the principal first and then towards interest and costs. ..... however, a mortgager or a debtor can plead and prove an agreement between him and the mortgagee or creditor to the effect that the amount must be applied first towards principal and then towards interest. ..... thereforee, these execution position are dismissed except that the counsel fee and fire insurance premium shall be excluded from the decretal amount. ..... the decree-holder states that it had paid premium for getting the house in maharani bagh insured against fire and that it is entitled to add the said premium to the decretal amount. ..... 250/81, and 89/82 except that the decree-holder is not entitled to add fire insurance premium and counsel fee towards decretal amount. ..... the first question for determination is if the fire insurance premium paid by the decree-holder can be recovered from the judgment-debtors. ..... if and whatever fire insurance premium was included in the same is recoverable. ..... the life insurance corporation of india (hereinafter referred to as 'decree holder') brought a suit for the recovery of rs. .....

Sh. Jagdish Prasad Paliwal Vs. National Insurance Co. Ltd.

Court : Delhi

Reported in : 2008ACJ2828; AIR2008Delhi90

..... as a result of this evidence which was brought on record, learned tribunal absolved the appellant from the liability to reimburse the principal sum awarded and paid by the insurance company to the claimants but opined that the appellant was liable to reimburse the interest to the insurance company for the reason had he dutifully participated at the trial and had he produced the driving license in question, unnecessary trial on the issue of the driver possessing a valid driving license would have ..... the appellant is aggrieved by the directions issued in the order dated 28-4-2006 requiring appellant to pay interest to the insurance company on the principal sum which was required to be paid by the insurance company to the claimants-2. ..... swaran singh wherein it was held that the insurance company was liable to satisfy the award in favor of the claimants and recover the same from the assured, the tribunal held that on satisfying the award, the insurance company could recover the amount from the appellant.8. ..... that as a result of delay, insurance company was saddled with the liability to pay interest to the claimants.11. ..... the appellant, the driver of the vehicle and the insurance company were imp leaded as respondents no. ..... to produce the policy of insurance and the driving license of the driver if appellant had one to produce. ..... the insurance company satisfied the award and proceeded to recover the sum paid over to the claimants by seeking attachment of the property of the appellant. .....

New India Assurance Co. Ltd. Vs. R.K. Sareen

Court : Delhi State Consumer Disputes Redressal Commission SCDRC New Delhi

..... vivek sharma, learned counsel for the appellant is that the interest allowed by the district forum works out to 27% which is not permissible either under the contract of insurance or the provisions of the interest act, 1978. ..... the surviving question is as to the rate of interest and whether the compound interest allowed by the district forum shall be paid. ..... the respondent has deposited the salvage and the insurance company has paid the amount agreed between the parties at one stage namely rs. ..... fir was lodged and the insurance company informed. ..... on a consideration of the matter the district forum by order under appeal held that the delay in the settlement of the claim constituted gross deficiency in the part of the opposite party and, accordingly, directed the opposite party to settle the claim by payment of 1.95 lacs alongwith interest @18% p.a. ..... aggarwal, authorised agent of the respondent appeared and stated that the respondent had carried out his part of the job and had surrendered the vehicle as well as the papers i.e. r.c. ..... the company failed to settle the claim for nearly two years and the complainant, accordingly, approached district forum-ii by filings complaint. ..... counsel for the appellant took time and made a statement on 7.7.1997 that the amount of rs. ..... vivek sharma, advocate for the appellant and have carefully gone through the record. 2. ..... they inspected the vehicle and after discussion it was agreed in principle that the claim be settled on total loss basis for a sum of rs .....

Rajinder @ Surinder & Ors. Vs.bajaj Allianz General Insurance Co. Ltd.

Court : Delhi

..... in my opinion in fact, the entire impugned order dated 14.1.2016 is completely without jurisdiction and the appellants/claimants are in fact lucky even to get interest 12% per annum simple from 21.7.2002 till 16.3.2005 inasmuch as the claim application which has now been allowed by the impugned order dated 14.1.2016 is clearly barred by principle underlying the provision of order ii rule 2 cpc. ..... 3,34,065/- was awarded, the said amount did not include the penalty of 50% and interest at 12% per annum simple on account of non-compliance of section 4a of the act which requires the deposit of compensation on account of accident within a period of one month.5. ..... it is therefore clear that the claim petition which has now been allowed by the impugned judgment dated 14.1.2016 was itself misconceived and in fact the employee s compensation commissioner had in fact no power to again allow a fresh claim petition to be filed with respect to the claim fao no.205/2016 page 3 of 4 towards interest once interest was not granted as per the original judgment dated 3.3.2005 and which had become final. ..... against this judgment dated 3.3.2005 a challenge was laid by the insurance company, respondent herein, but this challenge was not successful and the fao no.94/2005 was dismissed by a learned single judge of this court vide judgment dated 17.8.2012. ..... bajaj allianz general insurance co. .....

Iffco-Tokio General Insurance Co Ltd Vs. Indo-Rama Synthetics Ltd

Court : Delhi

..... the premium mentioned in the schedule, the company agrees (subject to the special conditions and exclusions contained herein or endorsed or otherwise expressed hereon and also to the conditions and exclusions contained in the fire policy covering the interest of the insured in the property at the premises) that if any building or other property or any part thereof used by the insured at the premises for the purpose of the business, be destroyed or damaged by the ..... determining the adequate cover it is equally essential for the insurer and insured to determine consciously and carefully the events covered in the policy so that the insured is adequately indemnified for the given circumstances leading to loss of business under certain peculiar conditions best known to him and the insurer is paid the same level of the premium required under ..... interference in accordance with the provisions contained therein : provided that1) such damage is caused at any time after payment of the premium during the period of insurance named in the schedule or of any subsequent period in respect of which the insured shall have paid and the company shall have accepted the premium required for the renewal of the policy.2) at the time of the happening of the damage there shall be in ..... 1986 wood j, noting that the appellants' case on actual loss had not been fully investigated since it was, of course, subsidiary to their principal contention, offered the parties the opportunity to consider the question further. .....

Brijesh Kumar Verma vs.aurangjeb & Anr.

Court : Delhi

..... of the original suit; (a) (b) the names of the parties or where there are more than two plaintiffs or more than two defendants, as the case may be, the names of the first two plaintiffs and the first two defendants; fao3452016 page 5 of 12 the number of the execution case of the court, where (c) how the money remitted is to be adjusted, that is to say, whether it is towards the principal, interest or costs; (d) such case is pending; and (e) the name and address of the payer. ..... deposited by the judgment debtor falls short of the decretal amount, the decree-holder is entitled to apply the rule of appropriation by appropriating the amount first towards interest, then towards costs and subsequently towards principal amount due under the decree; we are of the opinion that the appellants herein are entitled to the amount awarded by the executing court, as the amounts deposited by the judgment debtor the decretal amount. ..... in cases where there is a shortfall in deposit of the principal amount, the decree-holder would be entitled to adjust interest and costs first and the balance towards the principal and fao3452016 page 2 of 12 beyond that the decree-holder cannot seek to reopen the entire transaction and proceed to recalculate the interest on the whole of the principal amount and seek for reappropriation. ..... avtar singh (supra) held that the amount deposited by the insurance company shall be first adjusted towards interest and thereafter, towards the principal. .....

National Insurance Co. Ltd. Vs. Kumud Khosia and ors.

Court : Delhi

Reported in : I(1995)ACC463; 1995ACJ107; 1994IIIAD(Delhi)1312; 1994(31)DRJ45

..... claim is made, or (b) the person against whom the claim made has failed to contest the claim, it may, for reasons to be recorded in writing, direct that the insurer who may be liable in respect of such claim, shall be imp leaded as a party to the proceeding and the insurer so imp leaded shall thereupon have, without prejudice to the provisions contained in sub-section (2) of section 149 the right to contest the claim on all or any of the grounds ..... the appellant denied its liability, as referred to above, and contended that the insurance company was not liable to pay any amount of compensation as the insured has no insurable interest and the deceased who did not possess the driving license was driving the ..... he has, however, not taken into account the fact that the deceased also paid income tax in the amount of rs.l5,850.00 while working out the monthly income of the deceased at rs.5500 ..... the tax paid on these amounts are rs.2730.00 , rs.l5,850.00 and rs.3330.00 respectively and certain permissible deductions have also been made from the gross ..... has further argued that the assessed income of the deceased for the assessment year 1986-87 is shown to be rs.67,409.00 out of which rs.l5,650.00 was the tax paid to the authorities. ..... the income tax record, which has been filed before the tribunal, does not indicate a very high level of income, which was earned by the ..... the income tax returns for the relevant years have also been ..... multiplier may be increased where the plaintiff is a high tax payer. .....

All India Idbi Officers Association Through Its General Secretary vs.u ...

Court : Delhi

..... city improvement trust in any presidency- town; (iii) shares of a corporation established by law and guaranteed fully by the central government or the government of a state as to the repayment of the principal and the payment of the divided; (iv) securities issued or guaranteed fully as regards principal and interest by the government of any part b state and specified as approved securities for the purposes of this act by the central government by notification in the official gazette; and section 27a(1) of the insurance act further provides that no 70. ..... (c) 8842/2018 page 33 of 52 (n) immovable property situated in india or in any other is carrying on insurance country where the insurer business: provided that the property is free of all encumbrances; (o) loans on life interests, or on policies of life insurance within their surrender values issued by him or by an insurer whose business he has acquired and in respect of which business he has assumed liability; (p) life interests; (q) fixed deposits with banks included for the time being in the second schedule to the reserve bank of india act ..... elt25(sc) , this court held that a finance minister's statement referring to a proposal to continue the grant of exemption from payment of sales tax for a period of ten years is merely a budget proposal which could not give rise to any right to the parties and it did not amount to a decision, order or notification extending the period of exemption which was required to found a plea based on .....

National Insurance Co. Ltd. Vs. Smt. Durgesh Nandini Sharma and ors.

Court : Delhi

..... the 'important notice' mentions that any payment made by the company by reason of wider terms appearing in the certificate in order to comply with the act is recoverable from the insured, and refers to the avoidance clause.thus the contract between the insured and the company may not provide for all the liabilities which the company has to undertake vis-a-vis the third parties, in view of the provisions of the act. ..... it was further held that the avoidance clause was effective only between the insured and the insurance company.the relevant portion of the judgment of the supreme court is as follows: (acj, p.565, paras 21 and 22)"the act contemplates the possibility of the policy of insurance undertaking liability to third parties providing such a contract between the insurer and the insured, that is, the person who effected the policy, as would make the company entitled to recover the whole or part of the amount ..... adverting to the third contention of the learned counsel for the appellants pertaining to non-award of interest on the award amount from the date of the institution of the petition till the date of passing of the award, it is well settled that interest is the money paid for forbearance and detention of the principal amount and ordinarily ought not to be denied to the claimants. .....