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2007 (3) TMI 384 - HC - Companies LawExtract: .......pondent No. 1 are transferable and assignable in accordance with the provisions of the Insurance Act, 1938 and in terms of the contract of life insurance. Rule also made absolute in terms of prayer clauses (b) and (c). Petition is also made absolute in terms of prayer clause (d). In the circumstances of the case there shall be no order as to costs.
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