Supreme Court of India
The General Assurance Society Ltd. v. The Life Insurance Corporation of India
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In the result, subject to the said modification, the appeal is dismissed with proportionate costs. (1) [1964] 2 S.C.R. 182 Appeal dismissed with modification.
Judgment, page 23
From the headnote
Life Insurance Corporation Act, 1956 (31 of 1956), s. 7(1). If amounts representing dividends declared fall within "assets and liabilities" of controlled business--Compensation and paid up capital allocable for controlled business-Tribunals Jurisdiction to set off-Life Insurance Corporation Rules, 1956, r. 12A (iv) and (vi) Insurance Act, 1938 (4 of 1938)-Whether precludes challenge of certified balance sheets-Interest on compensation. On the enactment of the Life Insurance Corporation Act, providing for the nationalisation of life insurance business, the 1963 October 18 126 SUPREME COURT
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