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Search Results for "life insurance business"

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High Court

Bombay High Court Allows Insurer's Appeal in Part and Enhances Compensation for Claimants in Goods Carriage Accident — Deceased Traveling as Owner of Goods Not Gratuitous Passenger. Insurer Directed to Pay Enhanced Compensation with Pay-and-Recover Rights Under Motor Vehicles Act, 1988.

22 Jul 2014

The appeals arise from a judgment and award dated 26.09.2012 passed by the Motor Accident Claim Tribunal, Ahmednagar in M.A.C.P. No.80/2010 under Sect...

High Court

Bombay High Court Sets Aside Insurance Ombudsman Award for Non-Compliance with Rule 17 and Ignoring Policy Terms. Ombudsman directed insurer to process claim without determining compensation or considering policy exclusions for medical expenses incurred in India.

14 Aug 2024

The petitioner, Tata AIG General Insurance Co. Ltd., challenged an award dated 4 March 2024 passed by the Insurance Ombudsman for Mumbai. The responde...

High Court

High Court of Karnataka Allows Revenue's Appeal in Service Tax CENVAT Credit Dispute — Re-insurance Service Held Not Eligible as Input Service Under CENVAT Credit Rules, 2004. The Court held that re-insurance is not used in the course of providing the output service of insurance and thus does not qualify as input service under Rule 2(l) of CENVAT Credit Rules, 2004.

9 Apr 2015

The case involves an appeal by the Commissioner of Central Excise against an order of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) wh...

High Court

Bombay High Court Rules in Favor of Insurance Corporation on Deduction of Bad Debt Reserve. Held That Crediting Reserve for Doubtful Debts Constitutes Write-Off Under Section 36(1)(vii) of Income Tax Act, 1961, and Rule 5(a) of First Schedule Does Not Apply.

26 Jul 2005

In this appeal before the Bombay High Court, the assessee, a general insurance corporation, challenged the Income Tax Appellate Tribunal's decision re...

Supreme Court

Supreme Court Sets Aside Securities Appellate Tribunal's Remand Order in Insurance Brokerage Dispute. Appellate Tribunal Erred in Directing Fresh Inquiry When Insurance Regulator Found Insufficient Evidence of Bribery Under Section 41(1) of Insurance Act, 1938 and Clause 37(1) of IRDA (Insurance Brokers) Regulations, 2013.

24 Mar 2023

The Supreme Court heard an appeal by an insurance and reinsurance brokerage firm challenging an order of the Securities Appellate Tribunal that had se...

High Court

Bombay High Court considers interim injunction in passing-off suit over 'iTerm' mark for online insurance policies. Court examines whether 'iTerm' is inherently distinctive or has acquired secondary meaning under common law of passing off, and plaintiff's challenge to defendant's use of 'Aviva i-Term Smart'.

19 Aug 2019

The plaintiff, Aegon Life Insurance Company Limited, instituted a suit for passing off against Aviva Life Insurance Company India Limited, seeking an ...

High Court

Bombay High Court Allows Winding Up Petition Against Varun Global Limited for Non-Payment of Loan Debt. Life Insurance Corporation of India Succeeds in Proving Company's Inability to Pay Debts Under Sections 433(e) and 434 of the Companies Act, 1956.

23 Dec 2016

The petitioner, Life Insurance Corporation of India (LIC), filed a company petition under Sections 433(e) and 434 of the Companies Act, 1956, seeking ...

High Court

Bombay High Court Allows Appeal in Motor Accident Claim Case Due to Invalid Policy Defence Not Proved by Insurance Company. Insurance Company Failed to Establish That the Policy Was Cancelled Prior to Accident, Hence Liable to Pay Compensation.

18 Jan 2010

The appellants, parents of the deceased, filed a claim petition under Section 166 of the Motor Vehicles Act, 1988, seeking compensation for the death ...

High Court

Bombay High Court Admits Winding Up Petition Against Syrma Technology Pvt. Ltd. for Non-Payment of Admitted Debt Despite Insurance Payment. Court holds that receipt of insurance proceeds does not extinguish the debt or bar winding up proceedings under the Companies Act, 1956.

22 Dec 2014

The petitioner, Jiangsu Skyrun Wuxi Co. Ltd., filed a company petition under Section 433(e) of the Companies Act, 1956 seeking winding up of Syrma Tec...

High Court

High Court of Karnataka Quashes Insurance Ombudsman Award in Health Insurance Claim Dispute — Repudiation of Claim for Non-Disclosure of Pre-Existing Disease Set Aside. Insurer Failed to Prove That Insured Had Knowledge of Pre-Existing Condition at Time of Policy Inception Under Section 45 of Insurance Act, 1938.

21 Oct 2022

The petitioners, Mrs. Jaya Elizabeth Mathew and Mr. Preneesh Oommen, filed a writ petition under Articles 226 and 227 of the Constitution of India cha...

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