Supreme Court · 2016 INSC 989 · Decided 26 October 2016
Dravya Finance PVT. LTD. & ANR. v. S.K. Roy & ORS.
- Court
- Supreme Court of India
- Citation
- 2016 INSC 989 · [2016] 5 S.C.R. 835
- Case number
- REVIEW PETITION (CIVIL) No. 3538/2016
- Decided
- 26 October 2016
- Bench
- ANIL R. DAVE, SHIVA KIRTI SINGH, R. BANUMATHI (3-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Review petition - Interest - Calculation and payment of interest by LIC to finance company - Date of payment of interest - On facts, acceptance of life insurance policies by petitioner-banking finance company as collateral security through assignment by borrower in favour of petitioner - Issuance of circulars by LIC for putting restrictions on assignment of insurance policies - Challenge to - Said circulars quashed by High Court - However, no order passed for grant of any interest - Filing of SLP by LIC ~ Interim order passed in favour of
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