Judgment Search Results Home > Cases Phrase: principal interest taxes and insurance piti Court: punjab and haryana Page 1 of about 429 results (0.086 seconds)

industrial Finance Corporation of India and anr. Vs. Sehgal Papers Ltd ...

Court : Punjab and Haryana

Reported in : AIR1986P& H21

..... subsidy (a) principal (b) interest insurance premium paid by petitioners no.1 interest on above insurance premium other debits ..... lenders in force on normal loans on the date of execution of the loan agreement subject to a minimum rate of 11% per annum (hereinafter referred to as 'the normal rate of interest') half yearly in each year on 20th march and 20th september and shall also pay interest on the principal amount of the concessional loan outstanding from time to time at the lending rate of the lenders in force on concessional loans applicable to projection in a notified less developed area on the ..... defaults in payment of the principal, interest and other sums and also on account of various breaches of conditions and covenants on the part of ..... failed and neglected to pay the principal, interest and other monies ..... cash (c) subordinate unsecured loans already brought in by promoters (d) public issue (ii) rupee loans from (a) industrial development bank of india (idbi) (b) industrial finance corporation of india (ifci) (c)the industrial credit and investment corporation of india limited (icici) (d) life insurance corporation of india (lic) (e) unit trust of india (uti) (f) banks (iii) foreign currency loans from (a) ifci (b) icici (iv) deferred payments (a) imported machinery (b) indigenous machinery (v) internal resources up ..... in the report that the income-tax department during the raid on the company's premises had seized books of account and documents copies of which had been given .....

Vanguard Fire and General Insurance Co. Ltd. Vs. Sarla Devi and ors.

Court : Punjab and Haryana

Reported in : AIR1959P& H297

..... moreover without this provision the insurers could not be considered to be a necessary or even proper party to the suit and if section 96 was not present to 'the mind of the insurers then they would have without any doubt pleaded that in a suit to fix tortious liability on malik chand the insurers had no interest and no decree could be passed against them. ..... it is not necessary to decide in this case whether the , insurers could avoid the liability under the contract of -insurance on the ground of collusion between the assured and the injured person because this point does not arise here nor has it been argued because both the assured and insurers actively contested the plaintiffs' suit.9. ..... ' the agent who commits a tort within the scope of his employmentfor his principal, and the principal; the servant whocommits a tort in the course of his employment,and his master; two persons who agree on commonaction, in the course of, and to further which, oneof them commits a tort. ..... this permission was granted on 28th of june 1950 but as be had not converted the lorry he was granted extension of time and it was for the october/december period that the tax was paid by malik chand for a' transport vehicle with the sanction of the state transport authority. ..... that sum, however, has to be taxed down by having due regard to uncertainties, 'for instance that the widow might have again married and thus ceased to be dependant, and other like matters of speculation and doubt. .....

Sewa Singh Vs. Col. Gurcharan Singh and ors.

Court : Punjab and Haryana

Reported in : [1979]49CompCas920(P& H)

..... to transfer the certificate and the policy to the other person, the certificate of insurance and the policy described in the certificate shall be deemed to have been transferred in favour of the person to whom ..... the certificate in favour of the person to whom the motor vehicle is proposed to be transferred and, if no action is taken within fifteen days of the receipt of such application by the insurer or the insured does not receive any intimation from the insurer about the refusal to transfer the certificate and the policy to the other person, the certificate of insurance and the policy described in the certificate shall be deemed to have been transferred in favour of the ..... in respect of which such insurance was taken together with the policy of insurance relating thereto, he may apply in the prescribed form to the insurer for the transfer of the certificate of insurance and the policy described in the certificate in favour of the person to whom the motor vehicle is proposed to be transferred, and if within fifteen days of the receipt of such application by the insurer, the insurer has not intimated the insured and such other person his refusal ..... also be entitled to interest at the rate of ..... along with interest at the .....

M/S U.B. Engineering Limited Vs. Indian Oil Corporation Limited and An ...

Court : Punjab and Haryana

..... actually such thing should not happen where the parties are fare with each other and crores of rupees are paid towards completion of work and the works are obtained therefore, since the intention to withhold the amount is missing, therefore, this court deems it appropriate that it would be quite fair, proper, reasonable and equitable if the appellants pay interest @ 9% per annum from the date of decree passed by the trial court till realization ..... since there appears to be a bona-fide mistake that it was arbitrable claim and the respondent also remained silent and did not disclose and also continued to settle the dispute by way of meetings and the meeting was also called on 17.7.2000 and thereafter, the claimant moved an application for arbitration and the arbitrator passed the award on 10.8.2002 while holding that it was an arbitrable ..... another letter dated 14.8.1997 (annexure a/10), raising demand of the compensation due to delayed completion of work on account of not availability of the sequential materials, drawings/isometrics, foundations and work fronts, not production of the adequate approaches to the site/work place, but this letter was also not replied by the company. ..... , it is observed that the respondents would be entitled to interest only upon the principal amount so awarded in favour of the respondent. ..... judgment delivered in the case of oriental insurance company limited vs. ..... in oriental insurance company's case (supra), it was also held that the amended provisions have .....

State of Punjab Vs. the Scheduled Caste Co-operative Land Owning Socie ...

Court : Punjab and Haryana

Reported in : AIR1988P& H192

..... that is why the argument on behalf of the claimants proceeds further to contend, that interest is certainly part of compensation and once interest has been awarded on the principal amount of compensation the amount of simple interest accruing thereon gets added and merged with the principal amount of compensation, and it is on the aggregate amount of principal compensation and interest accrued thereon, that further interest has to accure on the entire aggregate amount. ..... the time of so taking possession until it shall have been so paid or deposited : provided that if such compensation or any part thereof is not paid or deposited within a period of one year from the date on which possession is taken, interest at the rate of fifteen per centum per annum shall be payable from the date of expiry of the said period of one year on the amount compensation or part thereof which has not been paid or deposited before ..... life insurance corporation air 1963 sc 1171 said : '....it is now well settled that the right to receive interest is in substitution of the right to retain possession of the land and when a claim for payment of interest is made by a person whose immoveable property has been acquired compulsorily, he does not make a claim for damages properly or technically so called but he bases his claim on the general rule that if he is deprived of his land he should be ..... after referring to i the case of air 1961 sc 908(supra)(satinder singh's case) and the case of national insurance co. v. .....

Jagmohan Singh Son of Bishan Singh Resident of 5- Fateh Colony Vs. Dev ...

Court : Punjab and Haryana

..... the pendency of appeal, both parties claimed that the licence was verified and while the owner would say that the licence was verified by the investigator of the insurance company to be true, the counsel for the insurance company states that on verification, it was found to be not true. ..... nothing was brought on record to show that the insurance company had issued the notice and there had been no response from either the driver or the owner fao no.610 of 1994 (o&m) -3- that inevitable conclusion has to be that the insurance company did not discharge the onus of proof which was on the insurer to establish the violation of terms of policy. ..... 134 (c) of the act provides that a driver shall give information in writing to the insurer which has issued the certificate of insurance, the details of insurance, name, date of accident, the name and particulars of driving licence. ..... the said section 134 (c) is therefore a procedure which an insurance company shall invoke in order to obtain the details of driving particulars of the ..... the insurance company merely relied on the fact that the driver and the owner had remained ex parte and, therefore, it must be taken that the driver did not have a valid driving licence. ..... interest is a necessary component of damage and that has to be ..... , the counsel pleads that interest shall not be awarded. ..... the owner has during the pendency of the appeal paid any portion of the amount, he shall be entitled to be paid back the amount in restitution with interest at 7.5%. .....

Sat Pal (Deceased, Through Smt. Satya Wati, Accountable Person) Vs. Co ...

Court : Punjab and Haryana

Reported in : (1997)137CTR(P& H)549

..... since the person who possessed it cannot also be said to have a contingent interest because there was every possibility of the accident policy getting extinguished or rendered worthless during his lifetime; on the other hand, in the case of a life insurance policy, there was always a tangible continuing interest, only that the value of that interest might be subjected to change at the time of passing of the property.held also (though it was not necessary to decide ..... policy taken by sat pal, deceased, has to be taken as an accident insurance policy, which could not be construed as property which could be included in the principal value of the estate of the deceased for the purpose of the estate duty ..... of the ed act, 1953, it is not only necessary for the person to have property or interest in property but that interest must be in regard to a movable property and his interest should also be capable of being ascertainable during his lifetime or at the time of his death in ..... lifetime of the deceased, an interest was vested totally and irretrievably in the hands of ..... at the instance of the accountable person, has been referred to us by the tribunal, amritsar, for opinion :'whether, on the facts and in the circumstances of the case, the tribunal is correct in holding that an amount of rs. ..... , 1953, because under the terms of the policy, the deceased had the right to nominate a person to take the moneys on his death and had also the capacity to dispose of the amount by testamentary disposition. .....

Jasbir Kaur Vs. Oriental Insurance Company Ltd. and Others

Court : Punjab and Haryana

..... afterall in this case, it is not denied that the petitioner's husband had died and that he was also covered by the terms of the policy and that if a notice of information had been made within the time as set forth in the policy, the insurance company could not have stated that the petitioner would not entitle for the same. 3. ..... the claim before the permanent lok adalat by widow of insured, who was covered under group insurance scheme, comes in challenge to the order dismissing the claim on the ground that the fact of death had not been informed immediately and that it had been done nearly one and half years after the event. ..... the permanent lok adalat accepted the contention in defence that the time limit for informing the death must be one month as provided under the conditions of the policy and if it was not so done, it will amount to breach of condition of policy and will absolve the insurance company of its liability. 2. ..... the breach that can constitute an occasion absolving the liability must be so fundamental to the terms that the insurance company could plead that the claim is not maintainable. ..... a condition requiring the claimant to inform the contingency, in this case, the death of the person, ought not to be taken as breach of such a fundamental condition to absolve the insurance company of its liability to make the payment. ..... the same shall be paid with interest @7.5% from the date of petition till the date of payment. .....

Nand Lal Badri Dass Gupta Vs. State of Haryana and ors.

Court : Punjab and Haryana

Reported in : (1999)123PLR388

..... interest- (1) where 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 ..... 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 ..... of the said definition makes it clear that in case of commercial transaction, the rate of further interest can exceed 6 per cent per annum but it should not exceed the contractual rate of interest and where there is no contractual rate, the rate at which moneys are lent or advanced by nationalised .....

Davinder Nath Katariya Vs. Haryana State Through L.A.C. (P)

Court : Punjab and Haryana

Reported in : (1994)106PLR46

..... further held by the division bench in samarendra nath roya's case (supra) that where a suit was decreed with interest but the challans by which the opposite party deposited the amounts, showed the specification of debt towards which the payments were intended as 'decretal amount', and the amounts were withdrawn by the decree-holder taking it to be payment of the 'principal amount', the decree-holder was held not entitled to appropriate the same towards ..... the payment is to be applied, the creditor may apply it at his discretion to any lawful debt actually due and payable to him from the debtor, whether its recovery is or is not barred by the law in force for the time being as to the limiation of suits, has no relevance to the facts and circumstances of the case and that the enhanced rate of interest and solatium have been allowed to the claimants by the high court in view of the amendments later on made in the ..... prem singh kadian, deputy advocate general, haryana, has argued that the compensation amount as determined by the tribunal was paid and was duly received by the petitioner and the said amount is to be adjusted towards the principal amount first and not towards interest and costs as claimed by the petitioner. ..... prem nath kapur, 1987 plj 297; and life insurance of india v. ..... bayabai (air 1970 sc 161) (supra) and the bench decision of this court in life insurance corporation of india v. ..... the division bench of the calcutta high court in life insurance corporation of india v. .....