General Insurance Business (Nationalisation) Act, 1972

Act No. 57 of 1972 In force from 20-09-1972 Ministry of Finance 49 sections

An Act to provide for the acquisition and transfer of shares of Indian insurance companies and undertakings of other existing insurers in order to serve better the needs of the economy by securing the development of general insurance business in the best interests of the community and to ensure that the operation of the economic system does not result in the concentration of wealth to the common detriment, for the regulation and control of such business and for matters connected therewith or incidental thereto.

8 Supreme Court judgments considering this law. Search within these.

• National Insurance Special Voluntary Retired/ Retired Employees Association & Anr. v. United India Insurance Co. Ltd. & Anr.
  2018 INSC 100126 October 2018Leave Granted & Dismissed
• LIC of India v. Insure Policy Plus Services Pvt. Ltd. & Ors.
  2015 INSC 94629 December 2015Dismissed
• Dr. Suhas H. Pophale v. Oriental Insurance Co. Ltd. and Its Estate Officer
  2014 INSC 9211 February 2014Appeal(s) allowed
• New India Assurance Co. Ltd. v. Raghuvir Singh Narang & Anr.
  2010 INSC 12225 February 2010Appeal(s) allowed
• United India Insurance Company Ltd. v. Manubhai Dharmasinhabhai Gajera & Ors.
  2008 INSC 73016 May 2008Dismissed
• National Insurance Co. Ltd. v. General Insurance Dev. Officers Asson. & Ors.
  2008 INSC 4523 April 2008Disposed of
• Biman Krishna Bose v. United India Insurance Co. Ltd. and Anr.
  2001 INSC 3372 August 2001Appeal(s) allowed
• General Insurance Corporation of India v. Commissioner of Income Tax Bombay
  1999 INSC 43321 September 1999Appeal(s) allowed