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1 - 4 of 4 (0.36 seconds)Life Insurance Corporation Of India vs Sham Surat Singh And Ors. on 26 August, 1981
4. A
perusal of the impugned order shows that the District Forum relied upon the
decision of the Delhi High Court in the case - Life Insurance Corporation of India Vs
Shyam Surat Singh - AIR 1981 Delhi Times
291, wherein
it was held that Damdupat referred to
in Section 30 of the Punjab Relief of Indebtedness Act, 1934, which is
applicable in Delhi also is applicable to the loan taken from the Life
Insurance Corporation of India. In the above referred case, the LIC had filed a
suit for recovery of the loan granted to the defendant at the rate of 7.5% with
half yearly rest against a mortgage deed.
Section 30 in Punjab Relief of Indebtedness Act, 1934 [Entire Act]
Section 9 in The Consumer Protection Act, 1986 [Entire Act]
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