PANKAJ BHATIA
Kusum – Appellant
Versus
Anand Kumar – Respondent
JUDGMENT
Pankaj Bhatia, J.—Present petition has been filed challenging the order dated 12.07.2022 passed by District Judge, Unnao in Civil Revision No.16 of 2022 (Smt. Kusum vs. Anand Kumar & Ors.).
2. The facts, in brief, are that the petitioner claims that she had taken out 15 life insurance in the name of her daughter namely Ranjeeta when she was unmarried and subsequently, the daughter was married to respondent no.1, and respondent no.2 – the granddaughter of the petitioner – was born out of the wedlock in between the daughter of the petitioner and respondent no.1. Unfortunately, daughter of the petitioner died on 01.09.2021 when respondent no.2 was about 11 months’ old. It is claimed that in the 15 life insurance policies, the petitioner was the nominee as named by her daughter before her death. However, to resist the said claim, respondent no.1 and respondent no.2 filed Civil Misc. Case No.08/2022 under Section 372 of Indian Succession Act before the Civil Judge (Senior Division), Unnao claiming succession including the claim arising out of life insurance policies. It is claimed that the petitioner was not even made a party. Subsequently, the said case was disposed off in the
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(1) Rights of nominee vis-à-vis right of successor – Rights conferred by Hindu Succession Act, 1956 will prevail over rights claimed by nominee under Section 39(7) of Insurance Act, 1938 succession a....
The nominee under the Insurance Act does not have superior rights over legal heirs under the Hindu Succession Act, emphasizing the need for harmonious interpretation of both laws.
Nominees under Section 39(7) of the Insurance Act have a beneficial interest in insurance proceeds, but this does not override the applicable succession laws if inconsistent. Decisions on such matter....
Nomination in insurance does not confer absolute rights over terminal benefits, which pertain to legal heirs under succession laws.
Rights of the parties to a lis have to be decided in accordance with the statutory provisions and law that prevails on the day the cause of action arises.
Nominees under the Companies Act do not gain absolute ownership of shares; they hold them in a fiduciary capacity for legal heirs, preserving the rights of succession.
Nominees of life insurance policies function as trustees, not automatic beneficiaries; the 2015 amendment to the Insurance Act does not retroactively alter rights for policies where the policyholder ....
Nominees under life insurance policies act as trustees rather than beneficiaries, subject to the provisions of the relevant personal laws and policies in effect at the time of the policyholder's deat....
The ongoing disciplinary proceedings preclude the invocation of the Industrial Disputes Act, requiring resolution through educational legislation mechanisms.
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