https://www.taxtmi.com/caselaws?id=172437 A direct application by an insurer to the Tribunal under section 16(2) of the Life Insurance Corporation Act, 1956 was held to be outside the statutory scheme, because the reference had to be initiated through the Corporation and the insurer had no independent right to approach the Tribunal. The rule-making provisions in rule 12 of the Life Insurance Corporation Rules, 1956 did not validate that defective procedure or cure the absence of a proper reference, and the proviso could not be read to create a power not found in the main text. On that reasoning, the direct proceeding was treated as incompetent and the statutory challenge failed. en-us Fri, 12 Apr 1963 00:00:00 +0530 Fri, 21 Aug 2015 14:33:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=172437 A direct application by an insurer to the Tribunal under section 16(2) of the Life Insurance Corporation Act, 1956 was held to be outside the statutory scheme, because the reference had to be initiated through the Corporation and the insurer had no independent right to approach the Tribunal. The rule-making provisions in rule 12 of the Life Insurance Corporation Rules, 1956 did not validate that defective procedure or cure the absence of a proper reference, and the proviso could not be read to create a power not found in the main text. On that reasoning, the direct proceeding was treated as incompetent and the statutory challenge failed. Case-Laws Indian Laws Fri, 12 Apr 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=172437