first policy was invested in the
second policy and, therefore, on surrender of the second policy the maturity
value of Rs.10 lacs should ... second policy at Annexure-D above referred to have defined the expression
surrender to mean terminating the contract once for all and on surrender
possession of the building within 30.11.2011. The OP, however, expressed his intention to surrender the building as is where is basis upto the construction which ... Admittedly, the OP could not keep his promise and ultimately expressed his intention to surrender the building 'as is where is basis
revived within the prescribed period, the
same shall stand terminated and the surrender value, if any, shall be
paid. As per clause 5 of terms ... policy shall acquire a
surrender value. The surrender value will be the then fund value less
a surrender charge (expressed as a % of fund value
times, but he failed to do so and
his father expressed desire to surrender the vehicle. Complainant's
father had submitted a letter with ... submitted a
letter dated 13.10.2008 with respondent no.2 expressing desire to
surrender the questioned vehicle due to non‐repayment of loan
// {PAGE } //
installments
appellant paid Rs. 31,739/- and expressed
his inability to pay the instalments thereafter and surrendered the
hypothecated vehicle to respondent and the letter surrendering
Surrender Processing Form vis-à-vis Complainant's signature on the proposal form kept in the office record of the OPs and surrender proceeds ... writing a letter, the Complainant in crystal clear terms expressed his desire to surrender the policy through his authorized person, Mr. Chinmay Chowdhury and besides
said loan. At that time the
complainant expressed his desire to record the surrender of his right, title,
interest in the Flat
time. The
complainant wrote e-mail to the opposite parties, expressing her
willingness to surrender the unit to seek refund of the deposited
amount
under
Ex.B3
of redemption on
has expressed its intention bond
to surrender their respective
bond holders
requesting ... therebythe
date of
intention of redemption
six months prior to the
expressing its the
communicated to
intention was also
redemption. The said
in
vide
complainant to pay the due amount, but he
expresses his inability, therefore, on 12.02.2015, he surrendered the vehicle
and the vehicle was taken in possession
