money paid under the Insurance Policy is also liable to be attached when the money goes out of the hands of the Insurance Company as it ceases to retain the character 'payable' under the policy of insurance

Citation

CDJ 1995 MHC 503

CANARA BANK v. PALANI 

(1995) 1 MLJ 410) and submitted that this Court has held that the money paid under the Insurance Policy is also liable to be attached when the money goes out of the hands of the Insurance Company as it ceases to retain the character 'payable' under the policy of insurance

Cases Referred:
Sabati Devi v. Usha Devi, AIR 1984 SC 346
Union of India v. Radha Kissen, AIR 1969 SC 762
Union of India v. Jyothi Chit Fund and Finance, AIR 1976 SC 1163
Federal Bank Limited v. Smt.Indiradevi Kaniamma, AIR 1986 Bom 101

COMPARATIVE CITATIONS:
1999 (95) CC 457; 1995 (1) MLJ 410; 1995 (1) KLT 40 (SN)