Bombay High Court Dismisses Union of India's Suit Alleging Fraudulent Assignment of Insurance Policies to Defraud Income-Tax Authorities. Court holds that assignment of life insurance policies under the Married Women's Property Act, 1874 is not fraudulent and cannot be challenged by a creditor under Section 53 of the Transfer of Property Act, 1882.
2 May 2006The suit was filed by the Union of India seeking a declaration that the assignment of seven life insurance policies by the original defendant no. 3 (S...




