Supreme Court · 1977 INSC 131 · Decided 22 April 1977
Life Insurance Corporation of India v. Kota Ramabrahmam and ORS.
- Court
- Supreme Court of India
- Citation
- 1977 INSC 131 · [1977] 3 S.C.R. 683
- Case number
- CIVIL APPEAL No. 1959/1970
- Decided
- 22 April 1977
- Bench
- M. HAMEEDULLAH BEG, A.C. GUPTA, P.S. KAILASAM (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
INSURANCE CORPORATION OF !NOIA v. KOTA RAMABRAHMAM AND ORS. April 22, 1977 (M. H. BEG, C.J., A. C. GUPTA AND P. S. KAILASAM, JJJ Life Insurance Corporation Act, 1956-S. 9(1)-Madras Agriculturi'sts Relief Act, 1938 scaled down certain debts of agriculturists-Act saved debts due to a Corporation Con1panies. The respDndents, who were agriculturists, took loans fron1 two insurance companies 1n 1950 and 1952. In suits for the recovery of the debts, filed by the Life Insurance Corporation after it had taken over the insurance companies, the respondents claimed that the debts should be
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