JUDGMENT - H. SURESH, J.:---Arumugam Chelliah Paul, the original plaintiff, took a Life Insurance Policy on February 21, 1955, with the then existing National Insurance Company Limited, having its office at Calcutta. At that time the plaintiff was having a business in Ceylon and a policy was taken in connection with his business. The sum assured under the said policy was Rs. 1,00,000/- in Indian currency. The date of commencement of the policy was October 1, 1954 and the date of maturity was October 1, 1974. On payment of the entire premium the policy had matured into a claim on October 1, 1974.

2. Under the Life Insurance Corporation Act, 1956 the assets and liabilities of the said National Insurance Company Limited was taken over by the Life Insurance Corporation of India, the defendants. On maturity of the said policy the said Paul requested the defendants to pay the sum of Rs. 1,00,000/- together with bonus, in Indian currency, in India. The defendants would not agree and raised several objections. It appears that according to them the claim under the policy was to be paid in Ceylon in Ceylonese currency and if the defendants were to pay the said amount in India that would viol

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