Section 15
Payment into court in case of rival claims.
The General Insurance Business (Nationalisation) Act, 1972
About this Act
An Act to provide for the acquisition and transfer of shares of Indian insurance companies and undertakings of other existing insurers in order to serve better the needs of the economy by securing the development of general insurance business in the best interests of the community and to ensure that the operation of the economic system does not result in the concentration of wealth to the common detriment, for the regulation and control of such business and for matters connected therewith or incidental thereto.
Where a claim to the amount payable under
section 11 is made by two or more persons adversely to one another, the corporation may cause the
amount to be deposited in any civil court having jurisdiction in that behalf and the court shall decide as to
whom the payment shall be made.