New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Where a claim to the amount payable under section 11 of

    the General Insurance Business (Nationalisation) Act is made by two or more persons adversely to one another, the corporation may cause the amount to be deposited ___________
    A With the Corporation Correct Answer Incorrect Answer
    B With the Central Government Correct Answer Incorrect Answer
    C With the Competent Authority Correct Answer Incorrect Answer
    D In any Civil Court having jurisdiction in that behalf Correct Answer Incorrect Answer
    E Either a or b or c or d Correct Answer Incorrect Answer

    Solution

    Section 15.   Payment into court in case of rival claims: Where a claim to the amount payable under section 11 is made by two or more persons adversely to one another, the corporation may cause the amount to be deposited in any civil court having jurisdiction in that behalf and the court shall decide as to whom the payment shall be made.

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