Principle Amount - Law Dictionary Search Results
Home Dictionary Name: principle amountPrinciple amount
Principle amount, interest accrued and added to principal amount on date of suit is principal amount for purposes of interest and not amount of loan originally advanced, Indian Bank v. M/s Kamalalaya Cloth Store, AIR 1991 Ori 44....
Directive principles of State Policy
Directive principles of State Policy, some of the important directive principles require the State to strive to secure for its citizen legal justice and free legal aid, Constitution of India, Art. 39(A).A law giving effect to any of the Directive Principles shall not be void on the ground that it is inconsistent with or takes away or abridges only of the rights conferred by Article 14 or Article 19 of the Constitution, Constitution of India, Art. 3(C).is the constitutional directions and principles fundamental in the governance of the country, Constitution of India, Art. 37.Broadly classified under three categories (i) economic ideals which State should strive to attain, (ii) directions to the legislatures and executive regarding their exercise of powers, and (iii) certain rights of the citizens which the State has to secure by its legislative and administrative policy, Commentary of the Constitution of India, Durga Das Basu, Vol. 11, p. 303.It is the duty of the State to apply these p...
Due amounts due
Due amounts due, an amount 'due' normally refers to an amount which the creditor has a right to recover. Wharton in Law Lexicon defines 'due' as anything owing; that which one contracts to pay another. 'Amounts due' under, s. 71 are those amounts which the creditor could have recovered had he filed a suit, State of Kerala v. V.R. Kalliyanikibty, (1999) 3 SCC 657 (661). [Kerala Revenue Recovery Act, 1968, ss. 71, 702, 69(2)...
Prize amount
Prize amount, means the difference between the chit amount and the discount, and in the case of a fraction of a ticket means the difference between the chit amount and the discount proportionate to the fraction of the ticket, and when the prize amount is payable otherwise than in cash, the value of the prize amount shall be the value at the time when it becomes payable. [Chit Funds Act, 1982 (40 of 1982), s. 2(m)]...
Principle
Principle, a principle has been explained in Butterworth's words and phrases, second edition, vol. 4 p. 177 thus:A 'principle' means a general guiding rule, and does not include specific directions, which vary according to the subject-matter (Per Shearman, J., in M'Creach v. Frearson, 1922 WN 37), Consolidated Coffee Ltd. v. Coffee Board Banglore, AIR 1980 SC 1468 (1479): (1980) 3 SCC 358.Means a general law or rule adopted or professed as a guide to action, Consolidated Coffee Ltd. v. Coffee Board, Bangalore, AIR 1980 SC 1468....
jurisdictional amount
jurisdictional amount : the amount or value that a matter in controversy must exceed in order for the federal courts to have diversity jurisdiction NOTE: The jurisdictional amount is set by statute and is currently $50,000. ...
Co-operative principles
Co-operative principles, means the co-operative principles specified in the First Schedule. [Multi-State Co-operative Societies Act, 2002 (39 of 2002), s. 3 (g)]...
Full amount payable by the foreign buyer in resect of the goods
Full amount payable by the foreign buyer in resect of the goods, the expression 'the full amount payable by the foreign buyer in respect of the goods' occurring in clause (b) would mean merely the total amount which is due from the foreign buyer in respect of the goods actually exported; and what would be due from a foreign buyer has to be merely the price which he has agreed to pay and not any fanciful, unreal or inflated price which the exporter may choose to falsely incorporate in the invoice with any ulterior motives. Director, Enforce-ment Directorate v. Krishnaswamy, AIR 1979 SC 1969 (1971). [Foreign Exchange Regulation Act, 1947, s. 12(2)]...
K.L.M. Principle
K.L.M. Principle, The expression 'K.L.M. Principle' came into existence in the Travancore-Cochin State by an order dated 27th September, 1950, and means that the relative seniority of the Travancore and Cochin personnel in any class or grade in the common seniority list will be determined with reference to the date of commencement of continuous service in the same or similar class of grade or posts subject, however, to the condition that the seniority of the Travancore personnel as between themselves or of the Cochin personnel as between themselves should not thereby be disturbed, C.P. Damodaran Nayar v. State of Kerala, AIR 1974 SC 1343 (1349). [States Reorganisation Act, (37 of 1956), s. 115]...
face amount
face amount : the amount of money payable under an insurance policy at the time of a loss ...
- << Prev.
- Next >>
Sign-up to get more results
Unlock complete result pages and premium legal research features.
Start Free Trial