Question
In which of the following cases, the Supreme Court has
held that filing of Complaint for Dishonor of Cheque through power of attorney is permissible?Solution
In A C Narayan vs State of Maharashtra, the court held that that the powerofattorney holder may be allowed to file, appear and depose for the purpose of issue of process for the offence punishable under Section 138 of the NI Act. An exception to the above is when the powerofattorney holder of the complainant does not have a personal knowledge about the transactions then he cannot be examined. However, where the attorney holder of the complainant is in charge of the business of the complainant payee and the attorney holder alone is personally aware of the transactions, there is no reason why the attorney holder cannot depose as a witness. Nevertheless, an explicit assertion as to the knowledge of the powerofattorney holder about the transaction in question must be specified in the complaint.
Who is responsible for investigating and settling claims?
Mortality Charge is the amount charged _____________ by the insurer
A method of permitting the final premium for a risk to be adjusted, subject to an agreed-upon maximum and minimum limit based on actual loss experience ...
Personal and business property coverage combining several types of property insurance in one policy is called?
Which is liability coverage for contents within a renter’s residence?
A Life insurance policy for which the cost is equally distributed over the term of the premium period, remaining constant throughout is called?
Which of the following term is used when the loss is caused by two or more causes acting simultaneously or one after the other?
Any such transaction, in which any property is transferred in the name of one person and payment is made by another person is known as?
Which of the following is NOT a peril covered under the Standard Fire and Special Perils Policy?
The amount which is payable by you during the premium paying term at regular intervals for a limited period as specified in the plan schedule is called?
