rbi speech, 2006-07-01
In the case of LIC of India vs. Consumer Education & Research Centre (AIR 1995 SC-1811), while considering the validity of LIC policy under table 58 restricted only to salaried persons in government / semi-government or reputed commercial firms, the Supreme Court observed:'It is well settled law that if a contract or a clause in a contract is found unreasonable or unfair or irrational, one must look to the relative bargaining power of the contracting parties.'
Sentiment: neutral
Topic: mp_credit