Summarize the following court judgment. Appeal No. 21 of 1960. Appeal from the judgment and order dated January 16	 1959	 of the Madras High Court in Writ Appeal No. 67 of 1958	 arising out of the judgment and order dated July 15	 1958	 of the said High Court in Writ Petn. No. 922 of 1957. C. B. Aggarwala	 section N. Andley	 J. B. Dadachanji and Rameshwar Nath	 for the appellant. R. Ganapathy Iyer	 H. J. Umrigar	 R. H. Dhebar and T. M. Sen	 for respondent No. 2. 1960. May 4. The Judgment of the Court was delivered by WANCHOO	 J. This is an appeal on a certificate granted by the Madras High Court. The appellant Company had been carrying on various classes of insurance business other than life insurance after its incorporation in September	 1941. On October 15	 1956	 an extraordinary general meeting of the shareholders of the Company passed a resolution by which all its insurance business was to cease forthwith and no further policies of insurance of any kind were to be issued thereafter. It was also resolved that no application should be made for renewal of the certificate granted under section 3 of the 	 No. IV of 1938 (hereinafter called the Act)	 and that thence forward the Company should only carry on the business of money lending as a loan Company and also to do investment business. In consequence of these resolu tions	 the Company informed the Controller of Insurance in December	 1956	 that it was not applying for renewal of its registration for carrying on the business of insurance. In May	 1957	 the Controller wrote to the Company that its certificates for carrying on insurance business would be deemed to be cancelled from July 1	 1957	 and the cancellation was notified in the Gazette of India. It appears that the Government of India had been receiving complaints against the Company. Consequently on July 17	 1957	 the Government of India passed an order under section 33 of the Act directing the Controller of Insurance to investigate the affairs of the Company and to submit a report. Thereupon the Controller appointed Messrs. Fraser and Ross to act as auditors to assist him in the investigation. The Company was informed of this order in September 1957. Thereupon it wrote to the Controller that no order under section 33 of the Act could be passed 860 against it	 as it had closed its business of insurance and the order in question was without jurisdiction. The Controller sent a reply to this communication and pointed to the provisions of section 2D of the Act in justification of the order. Thereupon the Company made an application under article 226 of the Constitution in the Madras High Court. Two main contentions were raised by it in the petition. In the first place it was submitted that the Company having closed all its insurance business no order could be passed against it under section 33. as that section only applied to companies actually carrying on the business of insurance and that in any case no such order could be passed even with the help of section 2D of the Act. In the second place it was contended that even if such an order could be passed under section 33 read with section 2D of the Act	 it could not be done in the present case	 as the Company 's liabilities in respect of its insurance business did not remain unsatisfied or not otherwise provided for. Messrs. Fraser and Ross as well as the Controller were made parties to the petition. The petition was opposed on behalf of the Controller	 and his contention was that the case was clearly covered by section 2D of the Act and therefore the order under section 33 was validly passed in this case and that it had not been shown that the liabilities had been satisfied or had been otherwise provided for. The learned Single Judge held that an order under section 33 read with section 2D could be passed against the Company and that it had not been shown that the Company 's liabilities had been satisfied or otherwise provided for. He therefore dismissed the writ petition. This was followed by an appeal by the Company	 which was dismissed. The Division Bench sub stantially agreed with the view taken by the learned Single Judge. Thereupon the Company applied for a certificate to enable it to appeal to this Court and obtained it; and that is how the matter has come up before us. Mr. Aggarwala appearing for the Company has urged the same two points before us. The Act was passed in 1938 to control persons carrying on the business of insurance. Section 2(9) thereof defines an ' insurer ' inter alia as weaning any body corporate 861 (not being a person specified in sub cl. (c) of this clause) carrying on the business of insurance	 which is a body corporate incorporated under any law for the time being in force in India or stands to any such body corporate in the relation of a subsidiary company within the meaning of the Indian Companies Act	 1913	 as defined by sub section (2) of section 2 of that Act. Section 3 provides for registration of any person carrying on the business of insurance and no such business can be carried on unless a certificate of registration for the particular class of insurance business has been obtained from the Controller. Section 3(4) gives power to the Controller to cancel the certificate for reasons specified therein and section 3(5B) lays down that when a registration is cancelled the insurer shall not after the cancellation has taken effect	 enter into new contracts of insurance	 but all rights and liabilities in respect of contracts of insurance entered into by him before such cancellation takes effect shall	 subject to the provisions of sub section (5D)	 continue as if the cancellation had not taken place. In order to safeguard the interest of policy holders	 section 7 provides for deposits by the insurer for various classes of his business. Section 8 lays down that any deposit made under section 7 shall be deemed to be part of the assets of the insurer but shall not be susceptible of any assignment or charge; nor shall it be available for the discharge of any liability other than liabilities arising out of policies of insurance issued by the insurer so long as any such liability remains undischarged ; nor shall it be liable to attachment in execution of any decree except a decree obtained by a policy holder of the insurer in respect of a debt due upon a policy which debt the policy holder has failed to realise in any other way. Section 9(1) lays down that where an insurer has ceased to carry on in India any class of insurance business in respect of which a deposit has been made under section 7 and his liabilities in India in respect of business of that class have been satisfied or are other. wise provided for	 the court may on the application of the insurer order the return to the insurer of so much of the deposit as does not relate to the classes of insurance. 	 if any	 which he continues to carry on. Under 112 862 section 10 an insurer who carries on business of more than one kind is required to keep a separate account of all receipts and payments in respect of each such class of insurance business. Section 33(1) with which we are directly concerned	 is in these terms: " The Central Government may at any time by order in writing direct the controller or any other person specified in the order to investigate the affairs of any insurer and to report to the Central Government on any investigation made by him: Provided that the controller or the other person may	 wherever necessary	 employ an auditor or actuary or both for the purpose of assisting him in any investigation under this section. " Section 2D is in these terms: " Every insurer shall be subject to all the provisions of this Act in relation to any class of insurance business so long as his liabilities in India in respect of business of that class remain unsatisfied and not otherwise provided for. " The contention of Mr. Aggarwala is that section 33 and section 2D both refer to an insurer which is defined in section 2(9) as a person carrying on the business of insurance. He	 therefore	 contends that as soon as the insurer who was carrying on the business of insurance closes it down completely be no longer remains an insurer and the provisions of the Act do not apply to him. Therefore	 according to him	 when section 33 provides for an order of investigation by the Central Government such an order can only be made in respect of a	 person who is actually carrying on the business of insurance and is thus an insurer and cannot be made against a person who was an insurer but has closed his business. Further	 according to Mr. Aggarwala	 section 2D also speaks of an insurer and makes him subject to all the provisions of the Act with respect to any class of insurance business so long as his liabilities in respect of that class remain unsatisfied or not other. wise provided for and therefore section 2D would only apply to those cases where insurance business is being carried on	 though some class of insurance business might have been closed. The contention therefore is that reading sections 33 and 2D together	 no order under 863 section 33 can be made in case of an insurer who has completely closed his business of insurance. The main basis of this contention is the definition of the word "insurer" in section 2(9) of the Act. It is pointed out that definition begins with the words " insurer means" and is therefore exhaustive. It may be accepted that generally the word " insurer" has been defined for the purposes of the Act to mean a person or body corporate	 etc.	 which is actually carrying on the business of insurance	 i.e.	 the business of effecting contracts of insurance of whatever kind they might be. But section 2 begins with the words " in this Act	 unless there is anything repugnant in the subject or context " and then come the various definition clauses of which (9) is one. It is well settled that all statutory definitions or abbreviations must be read subject to the qualification variously expressed in the definition clauses which created them and it may be that even where the definition is exhaustive inasmuch as the word defined is said to mean a certain thing	 it is possible for the word to have a somewhat different meaning in different sections of the Act depending upon the subject or the context. That is why all definitions in statutes generally begin with the qualifying words similar to the words used in the present case	 namely	 unless there is anything repugnant in the subject or context. Therefore in finding out the meaning of the word " insurer " in various sections of the Act	 the meaning to be ordinarily given to it is that given in the definition clause. But this is not inflexible and there may be sections in the Act where the meaning may have to be departed from on account of the subject or context in which the word has been used and that will be giving effect to the opening sentence in the definition section	 namely	 unless there is anything repugnant in the subject or context. In view of this qualification	 the court has not only to look at the words but also to look at the context	 the collocation and the object of such words relating to such matter and interpret the meaning intended to be conveyed by the use of the words under the circumstances. Therefore	 though ordinarily the word " insurer " as used in the Act would mean a 864 person or body corporate actually carrying on the business of insurance it may be that in certain sections the word may have a somewhat different meaning. A perusal of a few sections of the Act will illustrate this and immediately show that the word " insurer " has been used in some sections to mean not merely a person actually carrying on the business of insurance but also a person who intends to carry on the business of insurance but has not actually started it and also a person who was carrying on the business of insurance but has ceased to do so. For example	 section 3(2) which deals with an application for registration which naturally has to be made before the business of insurance actually commences	 lays down in cl. (b) that the application shall be accompanied by the name	 address and the occupation	 if any	 of the directors where the insurer is a company incorporated under the Indian Companies Act. Here the word 	insurer" has been used to indicate the company which is not actually carrying on the business of insurance but is intending to do so and is applying for registration. Further in section 3(2) (e) which also deals with an application for registration	 it is provided that an insurer having his principal place of business or domicile	 outside India shall send along with the application a statement verified by an affidavit of the principal officer of the insurer setting forth various requirements. Here again	 the word " insurer " has been used for an intending insurer	 for the business of insurance would only begin after the registration certificate is granted on the application made under section 3(2). Then in section 9 it is provided that	 where an insurer has ceased to carry on business	 the court may on the application of the insurer order the return to him of the deposit made under section 7. shows that though the	 insurer is not actually carrying on the business of insurance he is still termed an insurer and on his application the deposit may be refunded to him. Again section 55 which deals with a situation arising out	 of the winding up of an insurance company or the insolvency of any other insurer	 provides that the value of the assets and liabilities of the insurer shall be ascertained in such manner and upon such basis as the liquidators 865 or the receiver in insolvency thinks fit. The word " insurer" has thus been used in this section for a person or body corporate	 etc.	 which is not actually carrying on the business of insurance and has gone into liquidation or ' has become insolvent. Therefore	 though the ordinary meaning to be given to the word "insurer " is as given in the definition clause (section 2(9)) and refers to a person or body corporate	 etc.	 carrying on the business of insurance	 the word may also refer in the context of certain provisions of the Act to any intending insurer or quondam insurer. The contention therefore that because the word " insurer" has been used in section 33 or section 2D those sections can only apply to insurers who are actually carrying on business cannot necessarily succeed	 and we have to see whether in the context of these provisions an insurer will also include a person who was an insurer but has closed his business. As we have said already the Act was passed to control the business of insurance in the interest of policy holders and the general public and section 33 is obviously a provision by which the Central Government can order investigation into the affairs of any insurer in order to carry out the policy of the Act. Could it be said in the circumstances that section 33 only applies to insurers actually carrying on business and not to insurers who have closed their business? If the policy of the Act is to be carried out and the policy holders and the general public are to be protected	 the need for making investigation into the affairs of an insurer who has closed his business is greater	 for he may have done so dishonestly. We are therefore of opinion that the word " insurer" as used in section 33 not only refers to a person who is actually carrying on business but in the context of that section and taking into account the policy of the Act and the	 purposes for which the control envisaged by the Act was imposed on insurers also refers to insurers who were carrying on the business of insurance but have closed it. Further if there were any doubt whether the word " insurer " in section 33 refers to those insurers also who had closed their business that doubt in our opinion is completely dispelled by section 2D. That section 866 provides that every insurer shall be subject to all the provisions of the Act in relation to any class of insurance business so long as his liability in India in respect of business of that class remains unsatisfied or not otherwise provided for. Obviously this section applies to those insurers who have closed their business. It was not necessary to enact this section if the word 	insurer" here also meant a person actually carrying on the business of insurance	 for the provisions of the Act apply to such a person proportion vigor. Therefore	 when the word " insurer " is used in section 2D it must mean a person who was carrying on the business of insurance but has closed it. If that is so	 section 33	 which provides for investigation	 would apply to such an insurer who has closed his business	 by virtue of section 2D. Mr. Aggarwala next contends that section 2D would only apply to those cases where an insurer was carrying on different classes of insurance business and had closed some of them but not all of them. He contends that the section provides that the insurer shall remain subject to the provisions of the Act in relation to any class of insurance business so long as his liabilities with respect to that class of business remain unsatisfied or not otherwise provided for. This	 according to him	 contemplates a closure of only some out of many classes of business of insurance and not of all. We see no reason however to limit the words used in this section only to a case where out of many classes of business	 some are closed and others are being carried on. Under section 13 of the 	 No. X of 1897	 in all Central Acts and Regulations	 unless there is anything repugnant in the subject or context	 words in the singular shall include the plural and vice versa. Though therefore section 2D speaks of any class of insurance business in the singular it	 includes the plural also and would refer to all classes of insurance business. Mr. Aggarwala does not contend that where	 for example	 four classes of business are being carried on and three of them are closed and one is continued	 the section will not apply; but he contends that at least one must continue and the section will not apply if all are closed. We do not see why if the section 867 applies	 even though the word "class" is in the singular	 to a case where three out of four classes are closed and one is continued it should not apply to a case where all four classes are closed. We see no repugnancy in the context in holding that if all classes of business are closed the insurer shall be subject to all the provisions of the Act so long as his liabilities in India in respect of any business of all classes remain unsatisfied or not otherwise provided for. Therefore on a plain reading of	 section 2D there can be no doubt that an insurer who has closed all classes of his insurance business remains subject to all the provisions of the Act in relation to such classes so long as his liabilities in India remain unsatisfied or not otherwise provided for. Therefore section 33 will certainly apply to a case where all classes of insurance business have been closed so long as the liabilities remain unsatisfied or not otherwise provided for. The first contention of the appellant therefore that no investigation can be ordered under section 33 in its case because it has closed all classes of its insurance business fails. Turning now to the second contention	 the argument on behalf of the appellant is three fold. In the first place it is urged that an order can only be made under section 33 read with section 2D when the Central Government is satisfied that the liabilities have not been satisfied or otherwise provided for	 and that the order should show on the face of it that the Central Government had considered this aspect of the matter and had come to the conclusion that the liabilities remained unsatisfied or not otherwise provided for. Further there is nothing in the present order to show that the Central Government ever considered this aspect of the matter and was satisfied that the liabilities of the appellant Company remained unsatisfied or not otherwise provided for. There is no doubt that the order is utterly silent on this point and it was only in his letter of October 15	 1957	 that the Assistant Controller pointed out section 2D of the Act and referred to this aspect of the matter. It seems to us only just and proper that when an order is being passed under section 33 read with section 2D of the Act it should show on the face of it that the 868 Central Government was prima facie satisfied that the liabilities had remained unsatisfied or not otherwise provided for it is only when the liabilities have not been satisfied or otherwise provided for that an order under section 33 read with section 2D would be justified in the case of an insurer who has closed his business. We use the word " prima facie " advisedly	 for it seems to have been suggested in the High Court that no order could be passed under section 33 unless it was proved to the hilt that there were liabilities which remained unsatisfied or otherwise unprovided for. It is obvious that such proof would only be available after investigation in to the affairs of the insurer. Therefore in order that section 2D may be workable	 all that is required under it is that the Central Government should be satisfied after such prima facie inquiry as it considers necessary that there are reasons to believe that the liabilities of the insurer who has closed his business remain unsatisfied or not otherwise provided for and in coming to this prima facie conclusion the Central Government may make enquiry from the insurer with respect to complaints that it may have received against him. But the fact that the order does not on the face of it show that the Central Government considered this aspect of the matter would not make it bad	 if in subsequent proceedings taken to challenge it is shown that there were materials before the Central Government which would justify its coming to the prima facie conclusion that the liabilities had Dot been satisfied or otherwise provided for	 and therefore an investigation into the affairs was called for. In the present case we find from the materials on the record that there were complaints before the Central Government from those who had claims against the company. Those complaints were apparently referred to the Company and it does not appear that the Company satisfied the Central Government that the complaints were unjustified. It was in this situation that the order for investigation was made in July	 1957	 after the Company had closed its insurance business. Further on the materials available on the record it does appear that even now there are claims pending to the tune of about one lac of rupees against the Company. So it cannot 869 be said that there were no liabilities of the Company outstanding which were not satisfied or otherwise provided for when the order was made in July	 1957. In the circumstances the order cannot be held to be bad because it does not show on the face of it that there were liabilities which had remained unsatisfied or not otherwise provided for. In the second place it is urged that there can be no question of satisfying or otherwise providing for liabilities unless the liabilities are ascertained and either admitted or proved. In other words the argument is that it is only those liabilities which are admitted by the insurer or which have been decreed against him and the decrees have become final which can be taken into account in deciding whether the liabilities have remained unsatisfied or not otherwise provided for. It is urged that only those liabilities which are ascertained and either undisputed or proved can be satisfied and that the same applies to their being otherwise provided for. It is true that only those liabilities	 which are ascertained and either admitted or proved	 can be satisfied; but it does not follow that " provision otherwise " must also be only of liabilities which are ascertained and either admitted or proved. If that were go a dishonest insurer who closes his business could always get out of the provisions of section 33 read with section 2D by repudiating all claims made against him and then saying that there are no liabilities which remained unsatisfied or otherwise `unprovided for. There can be no doubt	 therefore	 if these provisions have to serve the purpose for which they were enacted	 (namely	 the protection of the interest of the policy holders and the general public)	 the words '	not otherwise provided for" in section 2D must refer to liabilities in the nature of claims against the insurer whether the insurer admits them or not and whether a decree has been finally passed in respect of them or not. The intention of making this provision in section 2D is to ensure that probable claims arising out of the insurance business that is closed are provided for before the insurer who has closed his business can say that he is not governed by all the provisions of the Act. There can be no doubt	 therefore	 113 870 that when " provision otherwise " has to be made it must be with respect to probable claims also that are likely to arise out of the insurance business which has been closed. In the present case even the Company admits that there are probable claims to the tune of about rupees one lac still pending and in the circumstances until they are satisfied or it is shown that they have been provided for otherwise	 all the provisions of the Act	 including section 33	 will apply to the Company. The last argument in support of the second contention is that the liabilities have been otherwise provided for. It is said that the Company deposited Rs. 3	94	000 as security under section 7 of the Act	 which is still available to pay off the liabilities of the Company and therefore when such liabilities do not appear to exceed that amount they have otherwise been provided for. The question thus raised is whether the Company is entitled to take into account the security deposit under section 7 in order to show that the liabilities have been otherwise provided for. The contention on behalf of the Controller is that when the Act envisages " provision otherwise "	 this provision has to be over and above the security deposit made by the Company under section 7. It appears from section 8 that this deposit is available for the discharge of liabilities arising out of policies of insurance issued by the insurer so long as any such liability remains unsatisfied. But even if a decree has been obtained by a policy holder on the basis of a liability under the policy he is not entitled to attach any part of this deposit until he shows that he has failed to realise the decree in any other way. Further it appears that section 8 only contemplates policy holders holding a decree attaching part of the security deposit in case they fail to realise their debt in any other way ; it does not contemplate	 for example	 third parties who have decrees against an insurer	 like the Company (which in its motor insurance business indemnifies the policy holders against third party risk up to a certain extent)	 doing so. Such third parties cannot under any circumstances attach any part of the deposit	 for section 8 only permits its attachment in the last resort by a policy holder of the 871 insurer in respect of a debt due upon a policy. But under section 2D the decree of a third party in such a case would be the liability of the insurer in respect of his motor insurance business which could not be realised by attachment of any part of the deposit under section 7. Besides	 even with respect to decrees of policy holders the deposit could only be attached when all other ways of realising the money have failed. In these circumstances it can hardly be said that the fact that this deposit is there is itself a " provision otherwise " to meet the liabilities of the insurer. The policy holder cannot attach this deposit unless he first exhausts all other means. Even if be has got a decree and even if the insurer admits his claim and wants to pay it	 he cannot do so out of the money in deposit under 'section 7. As for third parties who may have decrees against the insurer	 they can never attach this deposit in view of the provisions of section 8. It could not be the intention of the legislature when it was in effect exempting the insurer from all the provisions of the Act on his liabilities being otherwise provided for that such provision should include the security deposit under section 7	 when it has made it so difficult for a policy holder to get his debt satisfied from that deposit and when it is clear that a third party could not in any way attach the deposit. In these circumstances we are of opinion that when section 2D provides that the insurer shall be subject to all the provisions of the Act so long as his liabilities in India in respect of the business which is closed remain unsatisfied or not otherwise provided for	 the satisfaction or " provision otherwise " does not refer to the deposit under section 7 and has to be over and above that deposit. It is true that section 9 provides that the insurer can take back the deposit after satisfying the court that he has satisfied or otherwise provided for his liabilities. But this " provision otherwise " for the purposes of section 9 must obviously be other than the deposit itself. Further when the insurer wants to take back his deposit on making " provision otherwise " he will have to satisfy the court that the " provision otherwise " has been fully made and the court will be in a position to investigate into the matter. This	 however	 does not mean that if the insurer does 872 not want to take advantage of section 9 of the Act he can say without submitting to the terms of that section that he has made " provision otherwise "	 because the deposit which is made under section 7 is more than all his liabilities of the insurance business that he has closed. It is urged that it is hard	 for example	 on an insurer who has a large deposit and whose liabilities are small that he should not be able to fall back on his deposit for the purposes of section 2D. We do not	 however	 see any hardship in a case of this kind	 for if it is a fact that the deposit of the insurer is large and his liabilities are small he can always take advantage of section 9 of the Act and submit to an investigation by the court and take back his deposit after depositing the small sum required to meet his liabilities. We are	 therefore	 of opinion that when section 2D speaks of satisfaction or " provision otherwise " for the liabilities of insurance business which is closed it contemplates such satisfaction or " provision otherwise" over and above the deposit made under section 7. It is not in dispute in this case that there are some liabilities still pending; it is also not in dispute that they are not satisfied and no provision has been made otherwise for them irrespective of the security deposit. This also appears to have been the position when the order was made in July	 1957. In the circumstances the order is good and cannot be called in question by the Company. The appeal therefore fails and is hereby dismissed with costs. Appeal dismissed.

The appellant company had been carrying on various classes of insurance business other than life insurance after its incorporation in 1941	 but in 1956 the shareholders of the company passed a resolution by which all its insurance business was to be closed. Accordingly	 on application made by the company to the Controller of Insurance	 the certificate granted to it for carrying on insurance business was cancelled with effect from July 1	 1957. in the meantime	 complaints against the company were being received by the Government of India	 who	 thereupon	 passed an order on July 17	 1957	 under section 33 of the 	 directing the Controller of Insurance to investigate the affairs of the company and to submit a report. The company challenged (1)(1923) L.R. 51 I.A. 129. (2) I.L.R. 858 the legality of the order on the grounds	 (1) that as all its insurance business had been closed the Central Government had no jurisdiction to pass an order under section 33 of the Act	 which only enables the investigation of the affairs of an insurer who	 as defined in section 2(9)	 is one who is actually carrying on the business of insurance	 (2) that such an order could not be sustained under section 2D of the Act as that section was applicable only to those cases where an insurer was carrying on different classes of insurance business and had closed some of them but not all of them	 (3) that even if such order could be passed under section 33 read with s.2D it could not be done in the present case as the company 's liabilities did not remain unsatisfied or not otherwise provided for	 and (4) that	 in any case	 the order in question was invalid because it did not show on the face of it that the Central Government was prima facie satisfied that the liabilities had remained unsatisfied or not otherwise provided for: Held	 (1) that the word " insurer " in section 33 of the 	 refers not only to a person who is actually carrying on the business of insurance but also to one who has subsequently closed it. (2) that in section 2D of the Act an " insurer " means a person who was carrying on the business of insurance but has closed it. (3)that the word " class " in section 2D though used in the singular includes the plural also and the section is applicable to the case where an insurer who was carrying on different classes of insurance business closes all of them. (4) that the expression " not otherwise provided for " in section 2D refers to liabilities in the nature of claims against the insurer whether the insurer admits them or not and whether a decree has been finally passed in respect of them or not. (5) that under section 2D the satisfaction or " provision other wise " for the liabilities of insurance business which is closed	 does not refer to the deposit made under section 7 and has to be over and above that deposit. (6) that though an order under section 33 read with section 2D of the Act should show on the face of it that the Central Government was prima. ' facie satisfied that the liabilities had remained unsatisfied or not otherwise provided for	 the fact that the order does not on the face of it show that the Central Government considered this aspect of the matter would not make it bad	 if in subsequent 	proceedings taken to challenge it	 it is shown that there were materials before the Central Government which would justify its coming to the prima facie conclusion that the liabilities had not been satisfied or otherwise provided for	 and therefore an investigation into the affairs was called for.