Judgment Search Results Home > Cases Phrase: principal interest taxes and insurance piti Court: himachal pradesh Page 1 of about 221 results (0.072 seconds)

The H.P. State Industrial Development Corporation Ltd. Vs. Gobind Phar ...

Court : Himachal Pradesh

Reported in : AIR2007HP3,[2007(4)JCR424],2006(2)ShimLC300

..... pw-3/a and pw-3/b says that if a default occurs in the payment of principal or interest or any other payment, required under this agreement, the plaintiff may at its option by notice in writing declare the principal of the loan amount, then outstanding, to be due and payable immediately and upon such declaration the principal and interest and other amounts due, shall become payable immediately.25. ..... , a fire broke out therein and insurance claim was lodged with proforma defendant no. ..... this defendant has been impleaded as a performa defendant, because the factory, in question, was insured with it against loss by fire and the insurance claim having been repudiated by it, a complaint has been filed against it, which is still pending. ..... it is also alleged that plaintiff appears to have not pursued the matter regarding insurance claim against the insurance company and for this reason also it is estopped to file the suit. ..... ; (c) the defendants executed a power of attorney in favour of the plaintiff to pursue the insurance claim, but it did not pursue that claim effectively as a result of which it is still unsettled.15. ..... 1 has filed a complaint with the national consumer disputes redressal commission at new delhi in respect of the insurance claim and hence the suit against defendant no. ..... further it is alleged that after the occurrence of fire incident, the plaintiff was approached to lodge the insurance claim, because the factory had been leased out to said m/s. .....

Himachal Road Transport Corporation Vs. Bimla Kanwar and ors.

Court : Himachal Pradesh

Reported in : I(2002)ACC346,II(2002)ACC754,2002ACJ346

..... 50,000 paid by the insurance company under section 140 shall be deducted from the principal amount as on the date of its payment and interest shall be recalculated on the balance amount of the principal sum from such date.no other ..... of the mv act empowers the tribunal to direct that 'in addition to the amount of compensation simple interest shall also be paid at such rate and from such date not earlier than the date of making the claim as may be specified in this ..... claimants in the following terms:(3) we have heard learned counsel for the appellants-claimants as well as the learned counsel for the insurance company, who is the real contesting party at this stage and who has to bear the burden of the total amount of compensation made payable to the claimants. ..... in view all the future prospects which the deceased had in stable military service in the light of his brilliant academic record and performance in the military service spread over 7 years and also keeping in view the other imponderables like accidental death while discharging military duties and the hazards of military service, it will not be unreasonable to predicate that his gross monthly income would have shot up to at least double than ..... after deducting 50 per cent towards his day-to-day expenses, payment of income tax and other charges the actual income lost to the family was held to be ..... income at least 1/3rd will have to be deducted by way of his personal expenses and other liabilities like the payment of income tax, etc. .....

New India Assurance Co. Ltd. Vs. Walaiti Ram and ors.

Court : Himachal Pradesh

Reported in : 2006ACJ2748

..... keeping in view the fact that the vehicle was insured and insurance company has already deposited the amount of compensation, it would serve no purpose to drive the unfortunate claimants to another round ..... disturbing is the fact that in a large number of cases this court is finding that the r&las; are acting in a criminal manner and in connivance with the owners/drivers of the vehicles are issuing driving licences or making endorsement thereon after the accident has already occurred. ..... the appeal filed by the insurance company is allowed and the award of the learned tribunal insofar as it holds the insurance company liable to pay compensation is set aside and it is held that only respondent ram chand, owner of the truck, shall be liable to pay ..... submits that the said endorsement in any event could not have been made prior to 16.4.1998 when the necessary fees was paid and the registering and licensing authority (for short 'r&la;') has illegally ante-dated the driving licence for extra-neous consideration. ..... come to my notice wherein prima facie the documents have been forged with the intention of giving benefit to the owner of the vehicle and with the clear intention that in case of any claim petition being filed the insurance company is made liable to pay the compensation. ..... rani : air2003sc607 , insurance company shall be entitled to recover this amount along with interest from the owner, respondent ..... as many as 46 entries on 13.4.1998 wherein people have deposited token tax on 13.4.1998. .....

United India Insurance Co. Ltd. Vs. Chanchala Devi and anr.

Court : Himachal Pradesh

Reported in : III(2004)ACC46,2005ACJ777,(2005)ILLJ263HP

..... as a result, the present appeal is partly allowed and the impugned award dated march 29, 1996 of the commissioner is modified to the extent that the appellant insurance company would be liable to pay the principal amount of compensation of rs. ..... , air 1997 sc 3854 : 1997 (8) scc 1 : 199s-i-llj-363, wherein it has been held that the insurance company would be liable towards interest awarded but it would not be liable for payment of the amount of penalty levied under section 4-a(3)(b) of the act.11 ..... 2 respectively shall deposit the amount of interest and penalty with the registry of this court within six weeks from today and on the amounts being so deposited, the same shall be paid to respondent no ..... view of the aforesaid law laid down by the hon'ble supreme court, the appellant insurance company cannot escape its liability towards the amount of interest. ..... in so far as the liability of the appellant towards interest and penalty is concerned, the question is no more res- integra in view of the authoritative pronouncement of the hon'ble apex court in ved prakaah garg v ..... at the relevant time and as such the claim petition was not maintainable under the workmen's compensation act; and(b) the appellant is not liable towards interest and penalty.6. ..... as well as the appellant were called upon to deposit the amount of compensation as well as interest within 45 days of the making of the award,. ..... is directed that such balance amount along with interest accrued due thereon be paid to respondent no. .....

State of Himachal Pradesh Vs. Saroj Bala and ors.

Court : Himachal Pradesh

Reported in : I(2000)ACC257,2000ACJ1060

..... in that case, the learned judges found that the driver of the vehicle had been fully authorised to drive the jeep for a purpose connected with the affairs of the state and the dispute was only in respect of the manner and the mode in which the said driver performed his duties by allowing another employee of the state government, who was also going on an official duty, to drive the jeep, ..... of the respondent driver who drove the vehicle involved in the accident belonging to the appellant's department under the influence of liquor which was not within the scope of his official duty and, therefore, the reasoning of the tribunal below holding the appellant state liable to pay the amount of compensation jointly with the respondent driver is not sustainable ..... be awarded in favour of the claimants and against the appellant state and the respondent driver along with interest at the rate of 12 per cent per annum from the date of institution of the claim petition till the date of full and final payment. ..... (group insurance scheme) has rightly been paid to the claimants and, therefore, in our view, cannot be deducted from the total amount of compensation awarded by ..... (group insurance scheme) and the ..... (group insurance scheme) of the employees in which the deceased had been contributing during his tenure of service and the said amount cannot be deducted from the total ..... of life insurance policy is receivable by the claimant not on account of any accidental death but otherwise on the insured's death. .....

Preet Pal Monga and anr. Vs. H.P.M.C.

Court : Himachal Pradesh

Reported in : 2006(1)ShimLC413

..... sum, from the date of the decree to the date of payment, or to such earlier date as the court thinks fit:provided that where the liability in relation to the sum so adjudged had arisen out of a commercial transaction, the rate of such further interest may exceed six per cent, per annum, but shall not exceed the ..... and in so far as a decree is for the payment of money, the court may, in the decree, order interest at such rate as the court deems reasonable to be paid on the principal sum adjudged, from the date of the suit to the date of the decree, in addition to any interest adjudged on such principal sum for any period prior to the institution of the suit, with further interest at such rate not exceeding six per cent per annum, as the court deems reasonable on such principal ..... whether the defendant could deny payment of the balance price of culled apples and interest thereon to the appellants when the receipt of apples is not disputed and the defendant had enjoyed the benefit of such apples and whether the appellants were entitled to such payment under section 70 of the indian contract ..... he accordingly decreed the suit for rupees 1,00,111/- with costs and interest at the rate of 18% per annum from the date of institution of the suit till realization of ..... are empowered to increase post decretal interest in relation to a liability arising out of a commercial transaction on the principal sum adjudged. .....

Himachal Road Transport Corporation Vs. Saroj Devi and ors.

Court : Himachal Pradesh

Reported in : 2002ACJ1146

..... 50,000 paid by the insurance company under section 140 shall be deducted from the principal amount as on the date of its payment and interest shall be recalculated on the balance amount of the principal sum from such date.23 ..... -where any claims tribunal allows a claim for compensation made under this act, such tribunal may direct that in addition to the amount of compensation simple interest shall also be paid at such rate and from such date not earlier than the date of making the claim as it may specify in this behalf.18 ..... section 171 of the mv act empowers the tribunal to direct that 'in addition to the amount of compensation simple interest shall also be paid at such rate and from such date not earlier than the date of making the claim as may be specified in this behalf ..... . another argument raised on behalf of the respondents-claimants by the learned senior counsel was that interest allowed on compensation is wholly inadequate and needs to be corrected, particularly keeping in view the decisions of the supreme court rendered from time to ..... a perusal of this provision clearly authorises the tribunal to direct that in addition to compensation simple interest shall also be paid at such rate and not earlier from the date of filing of the claim petition.19 ..... . chandel, who pointed out that interest in fact awarded by the tribunal is excessive and in no case should be more than 6 per ..... with a change in the economy and the policy of the reserve bank of india the interest rate has been lowered .....

State of H.P. Vs. Lashkari Ram

Court : Himachal Pradesh

Reported in : (2008)ILLJ137HP,2008(1)ShimLC245

..... aggrieved person, issue a certificate for that amount to the collector, who shall recover the same, together with compound interest thereon at such rate as the central government may, by notification, specify, from the date of expiry of the prescribed time, as arrears of land revenue and pay the same to the person entitled thereto:provided that the controlling authority shall, before issuing a certificate under this section ..... there is a clear mandate in the provisions of section 7 to the employer for payment of gratuity within time and to pay interest on the delayed payment, of gratuity and there was also provision to recover the amount of gratuity with compound interest in case the amount of gratuity payable was not paid by the employer in terms of section 8 of ..... which any work relating to the construction, development or maintenance of buildings, roads, bridges or canals, or relating to operations connected with navigation, irrigation or the supply of water, or relating to the generation, transmission and distribution of electricity or any other form of power is being carried on,' it is urged for the appellant that the payment of wages act is not an enactment contemplated by section 1(3)(b) of the payment of gratuity act. ..... nature of social-security measures like employment insurance, provident fund and pension. ..... of gratuity act is a piece of welfare legislation and its provisions are in the nature of social security measures like employment, insurance, provident fund and pension. .....

The Sr. Divisional Manager, Life Insurance Corporation of India and An ...

Court : Himachal Pradesh State Consumer Disputes Redressal Commission SCDRC Shimla

..... order of the district forum, mandi, dated 18.11.2008 passed in consumer complaint no.116/2008, whereby the complaint was allowed and opposite parties no.1 and 2 were directed to pay to the complainant rs.2,00,000/- arising out of the insurance policy of his deceased wife with interest @ 9% per annum from the date of institution of the complaint till realization of the amount and directions were also given for payment of rs.2,000/- as compensation for harassment and litigation cost was quantified at rs.1,000/-. ..... further averments in the complaint were to the effect that the life assured was medically examined by the opposite parties through their medical officer and after being satisfied with his medical report, husband of the complainant was insured and as per complainant the repudiation of the claim by the opposite parties amounts to a clear deficiency of service/unfair trade practice on the part of the opposite parties. 3. ..... chaman lal sharma, learned counsel for the respondent had supported the order of the forum below and as per him, there is no material concealment of facts/ailment on the part of the insured and the documents relied upon by the life insurance corporation pertaining to his illness are only photostat copies and they are not legally admissible in evidence and in support of his contention he has placed reliance upon number of judgments, viz. .....

Punjab National Bank Vs. Surinder Singh Mandyal and ors.

Court : Himachal Pradesh

Reported in : AIR1996HP1

..... para 2 of the deed of guarantee, in clear terms stipulates that guarantors hereby guarantee to pay the bank, on demand, all principal, interest, costs, charges and expenses due and which may at any time become due to the bank from the borrowers, including all loss or damages, costs, charges, and expenses etc. ..... it was observed that between bank and its customer, by virtue of an agreement and as per the usual banking practice, interest is added towards the principal loan periodically thereby the original principal ceases and become merged in the principal loan along with the outstanding interest and thus the entire sum becomes the principal, which has to be taken as the principal sum adjudged for the' purpose of section 34 of the code. ..... while adjudging the 'principal sum' under section 34 of the code, the agreement between the parties will have to be taken into consideration and in case the same provide for payment of interest as quarterly, six monthly or periodical rests in that case the principal sum would be the amount originally advanced inclusive of interest accrued thereupon and this consolidated figure will be treated as principal on which interest pendente lite and future interest will be chargeable. ..... in addition to the amount of principal as advanced by the plaintiff to the defendants, there are additional amounts which are reflected in the statement of account, namely, the amount of interest and the insurance premium.18. .....