5436 6 0 in all representing his salary for November and December 1955 and for certain other dues.
On January 19, 1956, respondent2 issued in favour of the appellant four cheques for Rs.
Appeal by certificate from the judgment and order dated February 28, 1966 of the Calcutta High Court in Appeal from Order No.
On that very day, i.e., January 19, 1956, the Life Insurance Emergency Provisions Ordinance, 1956 came into force, under which January 19, 1956 was the appointed day.
On June 18, 1956, Parliament passed The Life Insurance Corporation Act, 31 of 1956, which came into force as from July 1, 1956.
11 of the Life Insurance Corporation Act, 31 of 1956 and R. 12A of the Life Insurance Corporation Rules, 1956 made under s. 48 of the said Act.
The Judgment of the Court was delivered by SHELAT, J. This appeal, founded on the certificate granted by the High Court of Calcutta, raises questions of interpretation of sec.
88 of 1965.
The Ordi 1000 nance was substituted by the Life Insurance Emergency Provisions Act, 9 of 1956 which came into force as from March 21, 1956.
3000 per mensum.
CIVIL APPELLATE JURISDICTION Civil Appeal No.
The said cheques, when presented for payment, were number honoured by the Bank on the ground that they were number signed by the custodian.
S. Nariman, Additional Solicitor General of India, K. Hathi and P. C. Kapur for the respondent No.
It was number disputed in the High Court that by Principal Officer the appellant meant that he was the Managing Director.
A Notification, dated August 30, 1956, issued thereunder fixed September 1, 1956 as the appointed day, that is the date when the Corporation was established under sec.
1331 of 1967.
His salary as such officer was Rs.
C. Setalvad and Ram Prosanna Bagchi and Sukumar Ghose for the appellant.
2630 per mensum which on and from January 1, 1956 was raised to Rs.
The management of the life insurance business carried on by all companycerns including that of respondent 2 was taken over and became vested in custodians appointed under the Ordinance.
