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Indian Laws - Highlights / Catch Notes

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Recovery of loan amount form appellant from the spouse of ...


Loan Recovery Case: Secured Loan Adjusted from Insurance After Premium Paid by Deceased Spouse.

April 18, 2019

Case Laws     Indian Laws     SC

Recovery of loan amount form appellant from the spouse of deceased - whether the loan was duly insured - The loan was secured from the date on which the insurance premium was paid. The premium having been paid by the Appellant’s husband during his lifetime, the loan was to be adjusted from the insurance policy.

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