The respondent, who serves as the executive trustee of the Consumer Education & Research Centre in Ahmedabad, conducted research on the operations of the Life Insurance Corporation (LIC) and subsequently published a study paper titled \"A Fraud on Policy Holders - A Shocking Story.\" This paper high...

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Ashoka Marketing Ltd. & ANR Vs. Punjab National Bank & Ors [1990] INSC 225 (7 August 1990)

Judgement Date : august/1990, Citation : 1990 Latest Caselaw 225 SC

Headnote :

The appellants/petitioners were tenants in properties owned by the respondent Banks/Life Insurance Corporation of India. Their tenancy had either expired or been terminated by the respondents, leading to eviction proceedings initiated against them under the Public Premises (Eviction of Unauthorised...

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Bank of India Vs. Vijay Transport & Ors [1987] INSC 327 (11 November 1987)

Judgement Date : november/1987, Citation : 1987 Latest Caselaw 326 SC

Headnote :

The appellant-Bank initiated legal proceedings against the respondents, which included a respondent firm and its partners, who were engaged in agriculture, seeking to recover a total of Rs. 18,14,817.91. This amount represented the outstanding balance of three principal loans that the Bank had exten...

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Life Insurance Corporation of India & ANR Vs. S.S. Srivastava & Ors [1987] INSC 151 (5 May 1987)

Judgement Date : may/1987, Citation : 1987 Latest Caselaw 150 SC

Headnote :

The Life Insurance Corporation was founded on September 1, 1956, under the Life Insurance Act of 1956 (Act 31 of 1956), by merging approximately 200 life insurance companies operating in the country. Initially, the Corporation had no staff of its own to manage the extensive business it had acquired,...

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A.V. Nachane & ANR Vs. Union of India & ANR [1981] INSC 210 (28 December 1981)

Judgement Date : december/1981, Citation : 1981 Latest Caselaw 210 SC

Headnote :

The Life Insurance Corporation was established under the Life Insurance Corporation Act of 1956, which aimed to nationalize the life insurance sector in India by transferring all related businesses to the Life Insurance Corporation of India. According to Section 11(1) of the Act, the employees of th...

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Life Insurance Corporationof India Vs. Rajmata Saheb Chowhanji & Ors [1978] INSC 121 (2 August 1978)

Judgement Date : august/1978, Citation : 1978 Latest Caselaw 121 SC

Headnote :

The plaintiff-respondent initiated a lawsuit to recover Rs. 2 lakhs that he had invested in the Adarsh Bima Company, which was subsequently acquired by the appellant (defendant no. 3). The plaintiff alleged that the managing director of Adarsh Bima Company had committed fraud and misrepresentation b...

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Madan Mohan Pathak Vs. Union of India & Ors [1978] INSC 42 (21 February 1978)

Judgement Date : february/1978, Citation : 1978 Latest Caselaw 42 SC

Headnote :

Occasionally, the Life Insurance Corporation and its employees reached agreements regarding the terms and conditions of service for Class III and Class IV employees, including the bonuses they would receive. Clause (8) of the Settlement dated January 24, 1974, which addressed bonus payments, stipula...

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Life Insurance Corporation of India Vs. Kota Ramabrahmam & Ors [1977] INSC 128 (22 April 1977)

Judgement Date : april/1977, Citation : 1977 Latest Caselaw 128 SC

Headnote :

The respondents, who were farmers, borrowed money from two insurance companies in 1950 and 1952. In lawsuits initiated by the Life Insurance Corporation, which had taken over the insurance companies, the respondents argued that their debts should be reduced according to section 4(e) of the Madras Ag...

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Sukhdev Singh & Ors Vs. Bagatram Sardar Singh Raghuvanshi & ANR [1975] INSC 43 (21 February 1975)

Judgement Date : february/1975, Citation : 1975 Latest Caselaw 43 SC

Headnote :

The Oil and Natural Gas Commission, the Industrial Finance Corporation, and the Life Insurance Corporation are established by legislation. The Oil and Natural Gas Commission is government-owned, managed by the government, and can only be dissolved by the government, as outlined in the Oil and Natura...

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Indian Airlines Corporation Vs. Sukhdeo Rai [1971] INSC 129 (27 April 1971)

Judgement Date : april/1971, Citation : 1971 Latest Caselaw 129 SC

Headnote :

The appellant is a corporation established under the Air Corporation Act of 1953. This Act empowers the corporation to appoint officers and other employees, as well as to create regulations that outline the terms and conditions of service for these individuals.The respondent, who was employed as a m...

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R.V.M. Neeladri Rao & ANR Vs. Board of Revenue, Hyderabad & Ors [1969] INSC 255 (23 September 1969)

Judgement Date : september/1969, Citation : 1969 Latest Caselaw 255 SC

Headnote :

The appellants were the recipients of leasehold rights transferred by the owner of an impartible estate concerning lands within that estate. This estate was officially abolished in 1948 under the Andhra Pradesh (Andhra Area) Estates (Abolition and Conversion into Ryotwari) Act, 1948.The appointed Ma...

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Damji Valji Shah & ANR Vs. Life Insurance Corporation of India & Ors [1965] INSC 95 (8 April 1965)

Judgement Date : april/1965, Citation : 1965 Latest Caselaw 95 SC

Headnote :

The Insurance Act of 1938 (s. 10) addresses the transfer of funds from the Life Insurance Fund to the General Department of a composite insurer, examining its legality.The appellants served as directors of an insurance company that operated as a composite insurer, engaging in various types of life i...

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Life Insurance Corporation of India Vs. Crown Life Insurance Co [1965] INSC 83 (26 March 1965)

Judgement Date : march/1965, Citation : 1965 Latest Caselaw 83 SC

Headnote :

According to section 10(2) of the Insurance Act, 1938, when an insurer operates in the life insurance sector, all receipts related to this business must be allocated to a distinct fund known as the life insurance fund. Section 11(c) mandates the maintenance of a revenue account in Form D of the Thir...

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Life Insurance Corporation of India Vs. S. Vs. Oak & ANR [1964] INSC 205 (29 September 1964)

Judgement Date : september/1964, Citation : 1964 Latest Caselaw 205 SC

Headnote :

The respondents had deposited funds with a mutual life assurance company. The Controller of Insurance instructed that these deposits should be repaid from future valuation surpluses, to which the respondents consented. However, the insurance company did not report any valuation surplus as determined...

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Life Insurance Corporation Ltd. Vs. Commissioner of Income-Tax, Delhi & Rajasthan [1963] INSC 244 (9 December 1963)

Judgement Date : december/1963, Citation : 1963 Latest Caselaw 272 SC

Headnote :

The appellant moved a specific sum from its Consolidated Revenue Account to the Investment Reserve Fund, a move it was authorized to make. This transfer resulted in a decrease in the appellant\'s taxable surplus. The Income-tax Officer instructed the appellant to lower the transfer by a specified am...

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The General Assurance Society Ltd. Vs. The Life Insurance Corporation of India [1963] INSC 207 (18 October 1963)

Judgement Date : october/1963, Citation : 1963 Latest Caselaw 235 SC

Headnote :

Upon the enactment of the Life Insurance Corporation Act, which mandated the nationalization of the life insurance sector, the 126 controlled businesses, including the life insurance operations of the appellant, a composite insurer, were transferred to the respondent corporation. Subsequently, dispu...

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National Insurance Co. Ltd. Vs. Life Insurance Corporation of India [1963] INSC 49 (4 March 1963)

Judgement Date : march/1963, Citation : 1963 Latest Caselaw 49 SC

Headnote :

The appellant company was recognized as a composite insurer since it engaged in general insurance in addition to activities classified as controlled business. Furthermore, the company conducted both capital redemption and annuity certain businesses, collectively referred to as capital obligation bus...

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Dr. A. Lakshmanaswami Mudaliar& Ors Vs. Life Insurance Corporation [1962]360 (11 December 1962)

Judgement Date : december/1962, Citation : 1962 Latest Caselaw 360 SC

Headnote :

On July 15, 1955, during an Extraordinary General Meeting of the shareholders of the United India Life Assurance Company Ltd., a resolution was passed, among other matters, approving a donation of Rs. 2 lakhs from the Shareholders\' Dividend Account to a proposed Trust aimed at promoting technical a...

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National Insurance Co. Ltd,, Calcutta Vs. Life Insurance Corporation of India [1962]357 (11 December 1962)

Judgement Date : december/1962, Citation : 1962 Latest Caselaw 357 SC

Headnote :

The appellant company was engaged in life insurance as well as other types of insurance. Following the enactment of the Life Insurance Corporation Act, 1956, which aimed to nationalize all life insurance operations, its \'controlled business\' was transferred to the Life Insurance Corporation of Ind...

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Hindustan Ideal Insurance Co. Ltd. Vs. Life Insurance Corporation of India [1962] INSC 140 (12 April 1962)

Judgement Date : april/1962, Citation : 1962 Latest Caselaw 140 SC

Headnote :

The life insurance operations of the Andhra Insurance Company Ltd. were transferred to the Life Insurance Corporation of India, which became entitled to compensation under Section 16 of the Life Insurance Corporation Act. The Corporation made an offer and claimed various deductions. On August 6, 195...

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State Bare Acts

Andhra Pradesh State Laws 362 Arunachal Pradesh State Laws 77 Assam State Laws 302 Bihar State Laws 525 Chandigarh Local Acts 30 Chhattisgarh State Laws 148 Delhi Local Laws 320 Goa State Laws 216 Gujarat State Laws 405 Haryana State Laws 492 Himachal Pradesh State Laws 306 Jammu and Kashmir State Laws 344 Jharkhand State Laws 284 Karnataka State Laws 263 Kerala State Laws 310 Madhya Pradesh State Laws 553 Maharashtra State Laws 862 Manipur State Laws 68 Mizoram State Laws 84 Nagaland State Laws 104 Odisha State Laws 731 Puducherry State Laws 108 Punjab State Laws 669 Rajasthan State Laws 730 Sikkim State Laws 107 Tamil Nadu State Laws 693 Telangana State Laws 32 Tripura State Laws 87 UP State Laws 914 Uttarakhand State Laws 131 West Bengal State Laws 738

Central Acts Categories

Supreme Court (SC) Judgements on Life Insurance Corporation Act, 1956

List of Judgements

Mrs. Bhumikaben N. Modi &amp; Ors. Vs. Life Insurance Corporation of India

Life Insurance Corporation of India Vs. Dravya Finance Pvt. Ltd. &amp; Ors.

Dr. Jaya Thakur Vs. Union of India &amp; Ors.

Nedumpilli Finance Company Ltd. Vs. State of Kerala &amp; Ors.

Ranbir Singh Vs. SK Roy, Chairman, Life Insurance Corp. of India

The Regional Manager, Life Insurance Corporation of India Vs. Dinesh Singh

Commissioner of Income Tax (TDS Kanpur and ANR. Vs. Canara Bank [JULY 02, 2018]

Tamil Nadu Terminated Full Time Temporary LIC Employees Association Vs. S.K. Roy, The Chairman, Life Insurance Corporation of India & ANR. [August 9, 2016]

Anita International Vs. Tungabadra Sugar Works Mazdoor Sangh â€“ and others [July 04, 2016]

LIC of India and Others Vs. Krishna Murari Lal Asthana and another Etc. [March 31, 2016]

LIC of India Vs. Insure Policy Plus Services Pvt. Ltd. & Ors [December 29, 2015]

Asger Ibrahim Amin Vs. Life Insurance Corporation of India [October 12, 2015]

Tamil Nadu Terminated Full Time Temporary LIC Employees Association Vs. Life Insurance Corporation of India & Ors. [March 18, 2015]

Board of Control for Cricket in India Vs. Cricket Association of Bihar & Ors. [January 22, 2015]

KSL & Industries Ltd. Vs. M/S Arihant Threads Ltd. & Ors. [OCTOBER 27, 2014]

L.I.C. of India & ANR. Vs. Ram Pal Singh Bisen [2010] INSC 191 (16 March 2010)

Life Insurance Corporation of India and Others Vs. Retired L.I.C. Officers Association and Others [2008] INSC 176 (12 February 2008)

Life Insurance Corporation of India Vs. Jaya Chandel [2008] INSC 148 (7 February 2008)

Commnr. of Income Tax, Bangalore & Anr Vs. M/S. Century Building Industries Pvt. Ltd [2007] Insc 815 (10 August 2007)

Chairman, Life Insurance Corporation & Ors Vs. Rajiv Kumar Bhasker [2005] Insc 374 (28 July 2005)

Steel Authority of India Ltd. & Orsetc. Vs. National Union Water Front Workers & Ors [2001] INSC 445 (30 August 2001)

Kishan Prakash Sharma & Ors Vs. Union of India & Ors [2001] INSC 148 (19 March 2001)

Life Insurance Corporation of India & Ors Vs. Smt.Asha Goel & ANR [2000] INSC 657 (13 December 2000)

Allahabad Bank Vs. Canara Bank & ANR [2000] INSC 180 (4 April 2000)

Sasadhar Chakravarty & ANR Vs. Union of India & Ors [1996] INSC 1385 (4 November 1996)

V.M. Gadre & Ors Vs. M.G. Diwan & Ors [1996] INSC 408 (15 March 1996)

Reserve Bank of India & Ors Vs. Peerless General Finance And Investment Company Ltd. & ANR [1996] INSC 14 (4 January 1996)

LIC Vs. Asha Ramchandra Ambekar [1994] INSC 147 (28 February 1994)

Life Insurance Corpn. of India &amp; Ors Vs. Prof. Manubhai D. Shah [1992] Vs. 177 (22 July 1992)

Ashoka Marketing Ltd. &amp; ANR Vs. Punjab National Bank &amp; Ors [1990] INSC 225 (7 August 1990)

Bank of India Vs. Vijay Transport &amp; Ors [1987] INSC 327 (11 November 1987)

Life Insurance Corporation of India &amp; ANR Vs. S.S. Srivastava &amp; Ors [1987] INSC 151 (5 May 1987)

A.V. Nachane &amp; ANR Vs. Union of India &amp; ANR [1981] INSC 210 (28 December 1981)

Life Insurance Corporationof India Vs. Rajmata Saheb Chowhanji &amp; Ors [1978] INSC 121 (2 August 1978)

Madan Mohan Pathak Vs. Union of India &amp; Ors [1978] INSC 42 (21 February 1978)

Life Insurance Corporation of India Vs. Kota Ramabrahmam &amp; Ors [1977] INSC 128 (22 April 1977)

Sukhdev Singh &amp; Ors Vs. Bagatram Sardar Singh Raghuvanshi &amp; ANR [1975] INSC 43 (21 February 1975)

Indian Airlines Corporation Vs. Sukhdeo Rai [1971] INSC 129 (27 April 1971)

R.V.M. Neeladri Rao &amp; ANR Vs. Board of Revenue, Hyderabad &amp; Ors [1969] INSC 255 (23 September 1969)

Damji Valji Shah &amp; ANR Vs. Life Insurance Corporation of India &amp; Ors [1965] INSC 95 (8 April 1965)

Life Insurance Corporation of India Vs. Crown Life Insurance Co [1965] INSC 83 (26 March 1965)

Life Insurance Corporation of India Vs. S. Vs. Oak &amp; ANR [1964] INSC 205 (29 September 1964)

Life Insurance Corporation Ltd. Vs. Commissioner of Income-Tax, Delhi &amp; Rajasthan [1963] INSC 244 (9 December 1963)

The General Assurance Society Ltd. Vs. The Life Insurance Corporation of India [1963] INSC 207 (18 October 1963)

National Insurance Co. Ltd. Vs. Life Insurance Corporation of India [1963] INSC 49 (4 March 1963)

Dr. A. Lakshmanaswami Mudaliar&amp; Ors Vs. Life Insurance Corporation [1962]360 (11 December 1962)

National Insurance Co. Ltd,, Calcutta Vs. Life Insurance Corporation of India [1962]357 (11 December 1962)

Hindustan Ideal Insurance Co. Ltd. Vs. Life Insurance Corporation of India [1962] INSC 140 (12 April 1962)

State Bare Acts

Mrs. Bhumikaben N. Modi & Ors. Vs. Life Insurance Corporation of India

Life Insurance Corporation of India Vs. Dravya Finance Pvt. Ltd. & Ors.

Dr. Jaya Thakur Vs. Union of India & Ors.

Nedumpilli Finance Company Ltd. Vs. State of Kerala & Ors.

Life Insurance Corpn. of India & Ors Vs. Prof. Manubhai D. Shah [1992] Vs. 177 (22 July 1992)

Ashoka Marketing Ltd. & ANR Vs. Punjab National Bank & Ors [1990] INSC 225 (7 August 1990)

Bank of India Vs. Vijay Transport & Ors [1987] INSC 327 (11 November 1987)

Life Insurance Corporation of India & ANR Vs. S.S. Srivastava & Ors [1987] INSC 151 (5 May 1987)

A.V. Nachane & ANR Vs. Union of India & ANR [1981] INSC 210 (28 December 1981)

Life Insurance Corporationof India Vs. Rajmata Saheb Chowhanji & Ors [1978] INSC 121 (2 August 1978)

Madan Mohan Pathak Vs. Union of India & Ors [1978] INSC 42 (21 February 1978)

Life Insurance Corporation of India Vs. Kota Ramabrahmam & Ors [1977] INSC 128 (22 April 1977)

Sukhdev Singh & Ors Vs. Bagatram Sardar Singh Raghuvanshi & ANR [1975] INSC 43 (21 February 1975)

R.V.M. Neeladri Rao & ANR Vs. Board of Revenue, Hyderabad & Ors [1969] INSC 255 (23 September 1969)

Damji Valji Shah & ANR Vs. Life Insurance Corporation of India & Ors [1965] INSC 95 (8 April 1965)

Life Insurance Corporation of India Vs. S. Vs. Oak & ANR [1964] INSC 205 (29 September 1964)

Life Insurance Corporation Ltd. Vs. Commissioner of Income-Tax, Delhi & Rajasthan [1963] INSC 244 (9 December 1963)

Dr. A. Lakshmanaswami Mudaliar& Ors Vs. Life Insurance Corporation [1962]360 (11 December 1962)