Course Plan - Banking Insurance Law

Format No. QSP/7.1/01.
F01 (C)
IssueNo.04 Rev. No 5 Dated: July 27, 2017
UNIVERSITY OF PETROLEUM & ENERGY STUDIES

SCHOOL OF LAW
College of Legal Studies
DEHRADUN
COURSE PLAN
Programme : 1. B. A., LL.B. (Hons.) Energy Laws,

2. B.comB.B.A., LL.B (Taxation LawsHons.)
Corporate Laws
Course : Banking & Insurance Law
Semester : VIII
Session : January-May, 2018
Batch : 2014 – 19
Subject Code : LLBL 441
No. of credits : 4
Prepared by : Dr. Sujata Bali, Ms. Vandana Bakshi
Email : sbali@ddn.upes.ac.in;vbakshi@ddn.upes.ac.in Formatted: Tab stops: 2.19", Left + 3.06", Left + 3.13",
Left
Approved By
Formatted: Left
_________________ _________________
Program Head HOD Dean
Program Head Director
Energy Laws Taxation, Banking, SOL
Insurance, Finance
& International Trade
UPES Campus Tel: +91-135-2770137

“Knowledge Acres”, Kandoli Fax: +91 135-27760904
P.O. Bidholi, Via Prem Nagar Website: www.upes.ac.in
Dehradun -248 007 (U K).
School of LawCollege of Legal Studies Jan.-May. 20187

COURSE PLAN
Subject: Banking & Insurance Law Course: Formatted Table
B.A., LL.B. (Hons.) Energy Laws;

B.Com, LL.B (Taxation Laws) Formatted: Font: 12 pt
Formatted: Font: 12 pt
Formatted: Font: Not Bold
Duration: Jan – May 2018 Subject code: LLBL 441 Formatted: Indent: Left: 0"
Formatted: Indent: Left: 0"
A. COURSE OBJECTIVES:
The objectives of this course are,

1. Tto introduce the students with the conceptual and operational parameters
of banking and insurance and the laws governing the area,
2. Tto make the students understand the judicial interpretation in the field with
the help of analysis of all the leading case laws
3. toTo familiarize the students with the organizational set up and the
functioning of the regulators and the adjudicatory bodies in the field.
4. Further, to bring forth the new and emerging dimensions of the system and
law of banking and insurance to the students.
B. COURSE OUTCOMES:
B. At the end of the Formatted: Indent: Left: 0.5", No bullets or numbering

course the student will be able to:
1. Understand the functioning and governance of banking and insurance

sector.
2. Understand the guiding principles and applicable doctrines of selected
subfields of Banking and Insurance Law.
1.3. Through this course students will able to analyzeAnalyze different
laws on banking and Insurance in India and their implication on various
individual and corporate activities.
2. Further the students will be able to understand the guiding principles and
applicable doctrines of selected subfields of Banking and Insurance Law.

4. This course will also train the students to identifyIdentify and resolve the
issues of Banking and Insurance Law.
3.5. Integrate the knowledge of the banking and insurance laws with
contemporary national and international developments.
Program Course’s The students The students The The The students Formatted: Normal, Left, Line spacing: single, No bullets or
Specific Intended will be able to will be able students students will be able numbering
to
ISLOs Student understand the to will be will be Integrate Formatted: Normal, Line spacing: single, No bullets or
the
for Learning functioning understand able to able to knowledge numbering
of
BAcom., Outcomes the banking andFormatted: Normal, Line spacing: single, No bullets or
and the guiding analyze Identify numbering
LL.B., and resolve insurance laws
governance of principles different Formatted Table
EnergyT the issues with
axation banking and and laws on
of Banking contemporary Formatted: Font: Times New Roman, Font color: Black
Laws insurance applicable banking
and national and
Formatted: Font: Times New Roman, 12 pt
sector.Through doctrines of and international Formatted: Font: Times New Roman, 12 pt
Insurance
this course selected Insurance developments.
Law.
students will subfields of in India Formatted: Line spacing: single
able to analyze Banking and and their
different laws Insurance implicati
on banking and Law. on on
Insurance in Further the various Formatted: Font: 12 pt, Font color: Auto
India and their students will individua
implication on be able to l and
various understand corporate
individual and the guiding activities.
corporate principles Students Formatted: Font: 12 pt, Font color: Auto
activities.. and will be
applicable able to
doctrines of deal with
selected problems
subfields of related to
Banking and contracts
Insurance on their
Law. own and
understan
d the
Indian
Contract
Act’s
interplay
with
certain
other
ancillary
statutes.

Students will be able to  
conceptually explain
fundamentals of law with
comparative
understanding of legal
systems that interface
with energy
sector.Students will be
able to conceptually
explain the fundamentals
of law with comparative
systems in interface with
Tax administration and
regulation in India.
Students will be able to
assess the quantitative

and qualitative aspects of 
the society as general and  
also of the energy domain
essential for law
professionals.Students
will be able to exhibit
effective law professional
skills, employing legal
research, analysis,
rationalization and
critical-thinking ability.
Students will demonstrate  
effective application of
lawyering skills and
conceptual understanding
of law to the issues of
energy sectorStudents
will demonstrate effective
understanding of Indian
Tax discourse, cases
analysis and legal
reasoning in tax context
and overall awareness of
how tax lawyers can
bring solutions to legal
issues arising out of tax
system.

exhibit effective energy
 
law professional skills,
employing oral and
written communication,
legal research, analysis,
rationalisation and
critical-thinking
ability.Students will
demonstrate foundational
understanding of National
and International Tax
system and operational
knowledge of taxation
process.
Students will demonstrate
strong insight of the
   
procedures and practices
and will use logical,
analytical and decision
making ability to deal
with legal challenges of
energy sector.Students
will demonstrate effective
oral and written
communication skills in
the professional context.
apply the energy laws to
 
real life legal problems
faced by the
industry.Students will
demonstrate strong
insight of the practices,
issues and legal
challenges in the field of
tax.
sensitivity towards
   
ethical, moral and social
issues, and have ability to
address them in the
course of their legal
profession and energy
able to apply the laws
relevant to taxation issues
with reference to Income
Tax, Wealth Tax & Tax
Planning, Corporate Tax
and Planning,
International Taxation,

Tax Practice and Filing of
Return, Adjudication of
Tax Related Disputes,
Direct and Indirect
Taxation, GST Laws and
other associated laws.
Students will influence

others by their
 
commitment, leadership,
team building and
networking
skills.Students will
demonstrate sensitivity
towards ethical and moral
issues and have ability to
address them in the
course of profession in
field of taxation.
Students will exhibit
lifelong learning skills
   
essential to excel in
energy sector legal
world.Students will
exhibit leadership, team
building and networking
skills in legal world.
Continuous Assessment
Description Weightage
a. Two class tests 20 Marks (10 x 02 Marks)

b. Reaction paper Assignment 20 Marks
c. Project work
(Abstract, Synopsis, final draft and
presentation) 20 Marks
d. Subject grand viva 20 Marks
e. Attendance* 20 Marks
Formatted: Plain Text, Left, Add space between paragraphs

of the same style, Line spacing: single, Tab stops: Not at
1.5"

Course’s Continuous Continuous Continuous Continuous Continuous Continuous
Intended evaluation Evaluation Evaluation Evaluation Evaluation Evaluation
Student Tools Tool 1 Tool 2 Tool 3 Tool 4 Tool 5
Learning Class Test/ Reaction Project Subject Attendance
Outcomes Snap Test paperAssign Work Grand Viva
for LLBL 20 marks ment Presentation 20 marks
441LLBG1 20 marks 20 marks
05 20 marks
The students will be able

to understand the
functioning and
    
governance of banking
and insurance
able to make the
application of General
Principles of Contract to
special type of Contracts
the various approaches to
the word ‘contract’.
The students will be able Formatted: Left, Hyphenate, Don't adjust space between
Latin and Asian text, Don't adjust space between Asian text
to understand the guiding
principles and applicable
     and numbers, Tab stops: Not at 0.5"
doctrines of selected
subfields of Banking and
Insurance Law.Students
will become familiar
with the statutory
provisions and will be
able to understand the
various types of real-life
situations they come
across. General
Principles of Law of
Contract.
The students will be able to
analyze different laws on
banking and Insurance in
    
India and their implication
on various individual and
corporate activities
deal with problems related
to contracts on their own
and understand the Indian
Contract Act’s interplay
with certain other ancillary
statutes.

Identify and resolve the
    
issues of Banking and
Insurance Law.

Integrate the knowledge of
     Formatted: Font: 11 pt, Font color: Black
Formatted: Font: Not Bold
the banking and insurance Formatted: Don't hyphenate, Adjust space between Latin
laws with contemporary and Asian text, Adjust space between Asian text and numbers,
national and international Tab stops: 0.5", Left
developments. Formatted: Don't hyphenate, Adjust space between Latin
and Asian text, Adjust space between Asian text and numbers,
Tab stops: 0.5", Left
Formatted: Adjust space between Latin and Asian text,
Adjust space between Asian text and numbers
Formatted: Left, Space After: 10 pt, Line spacing: Multiple

1.15 li, Adjust space between Latin and Asian text, Adjust
space between Asian text and numbers
Program Course’s The students The students The The The students
Specific Intended will be able to will be able students students will be able to
ISLOs Student understand the to will be will be Integrate the
for Learning functioning understand able to able to knowledge of
B.Com., Outcomes and the guiding analyze Identify the banking and
LL.B., and resolve insurance laws
governance of principles different
Taxation the issues with
Laws banking and and laws on
of Banking contemporary
insurance applicable banking
and national and
sector. doctrines of and international
Insurance
selected Insurance developments.
Law.
subfields of in India
Banking and and their
Insurance implicati
Law. on on
various
individua
l and
corporate
activities.

Students will be able to  
conceptually explain the
fundamentals of law with
comparative
systems in interface with
Tax administration and
regulation in India.
exhibit effective law

professional skills, 
employing legal research,  
analysis, rationalization
and critical-thinking
ability.
Students will demonstrate  

effective understanding
of Indian Tax discourse,
cases analysis and legal
reasoning in tax context
and overall awareness of
how tax lawyers can
bring solutions to legal
issues arising out of tax
system.
foundational
 
understanding of National
and International Tax
system and operational
knowledge of taxation
process.
effective oral and written
   
communication skills in
the professional context.
Students
demonstrate
will
strong
 
insight of the practices,
issues and legal
challenges in the field of
tax.

apply the laws relevant to
   
taxation issues with
reference to Income Tax,
Wealth Tax & Tax
Planning, Corporate Tax
and Planning,
International Taxation,
Tax Practice and Filing of
Return, Adjudication of
Tax Related Disputes,
Direct and Indirect
Taxation, GST Laws and
other associated laws.
sensitivity towards ethical
 
and moral issues and
have ability to address
them in the course of
profession in field of
taxation.
Students will exhibit
leadership, team building
   
and networking skills in
legal world.
Formatted: Indent: Left: 0", First line: 0"

Continuous Assessment
Description Weightage
a. Two class tests 20 Marks (10 x 02 Marks)

b. Reaction paper 20 Marks
c. Project work
(Abstract, Synopsis, final draft and
presentation) 20 Marks
e. Attendance* 20 Marks Formatted: Left, Space After: 10 pt, Line spacing: Multiple
Course’s Continuous Continuous Continuous Continuous Continuous Continuous
Intended evaluation Evaluation Evaluation Evaluation Evaluation Evaluation
Student Tools Tool 1 Tool 2 Tool 3 Tool 4 Tool 5
Learning Class Test/ Reaction Project Subject Attendance
Outcomes Snap Test paper Work Grand Viva
for LLBL 20 marks Presentation 20 marks
441 20 marks 20 marks 20 marks

to understand the
functioning and
    
governance of banking
and insurance sector.
to understand the guiding
principles and applicable
    
doctrines of selected
subfields of Banking and
Insurance Law.
analyze different laws on
banking and Insurance in
    
India and their implication
on various individual and
corporate activities
Identify and resolve the
    
issues of Banking and
Insurance Law.

Integrate the knowledge of
    
the banking and insurance
laws with contemporary
national and international
developments.


C. COURSE OUTLINE Formatted: Adjust space between Latin and Asian text,

MODULE 1: GENERAL OVERVIEW OF DEVELOPMENT OF BANKING
SYSTEM WITH FOCUS ON RBI’S ROLE AS THE CENTRAL BANK OF INDIA
1. Introduction
1.1 Evolution and Historical Development of Banking in India,
1.2 Nationalization and post Nationalization developments: various Formatted: Indent: Left: 0.5", Hanging: 0.38"
committeesof Banks,
1.3 Kinds of Banking Institutions
2.1. The Reserve Bank of India Act, 1934
2.1 RBI Structure,
2.2 Departments and Control by the Central Government,
2.3 RBI’s Power of Inspection and Issue of Directions,
2.4 An overview of the Monetary Policy of the Central Bank,
2.5 Instruments and Modes of Credit Control,
2.6 RBI and the Call Money Market
3. Post nationalization stage

3.1 Major Policy Shifts,
3.2 various Committee Reports- Narasimham Committee Report I & II,
3.31.1 New Instruments of Credit Control: Repo and Reverse Repo, Formatted: Font: (Default) Arial, 12 pt
3.41.1 Clearing and Settlement System;

3.51.1 RBI Real Time Gross Settlement System (RTGS), National
Electronic Fund Transfer (NEFT) and other technological advancements.
3.6 Impact of demonetization on the Banking sector. Formatted: Indent: Left: 0.75", No bullets or numbering
Formatted: List Paragraph, Indent: Left: 0.75"
MODULE 2: INTRODUCTION TO BANKING OPERATIONS AND REGULATION

THEREOF IN INDIA
1.1 Understanding Banking Operations: Deposit Accounts with Banks, Type Formatted: Indent: Left: 0.25"
of Relationship with Bank as a Depositor, Loanee etc., Sound Banking

Principles for lending, Banker’s Perspective, Designing Corporate Finance,

Project Appraisal by Banks New Instruments of Credit Control: Repo and
Reverse Repo,
1.2 Clearing and Settlement System; Formatted: Indent: Left: 0.25", Hanging: 0.31", Tab stops:
0.56", Left
1. RBI Real Time Gross Settlement System (RTGS), National Electronic
Fund Transfer (NEFT) and other technological advancements.
2. Formatted: Font: (Default) Arial, 12 pt
2. The Reserve Bank of India Act, 1934 Formatted: Font: Bold
2.1 RBI Structure,

2.2 Departments and Control by the Central Government,
2.3 RBI’s Power of Inspection and Issue of Directions,
2.4 An overview of the Monetary Policy of the Central Bank,
2.5 Instruments and Modes of Credit Control,
2.6 RBI and the Call Money Market Formatted: List Paragraph, Justified, Line spacing: 1.5 lines,
Outline numbered + Level: 2 + Numbering Style: 1, 2, 3, … +
2.6 Start at: 6 + Alignment: Left + Aligned at: 0.5" + Indent at:
0.75", Don't adjust space between Latin and Asian text, Don't
adjust space between Asian text and numbers
Formatted: Outline numbered + Level: 2 + Numbering Style:
1, 2, 3, … + Start at: 6 + Alignment: Left + Aligned at: 0.5"
+ Indent at: 0.75"
Formatted: List Paragraph, Justified, Line spacing: 1.5 lines,
Don't adjust space between Latin and Asian text, Don't adjust

3. The Banking Regulation Act, 1949: Definition of Banking, Banking Formatted: Font: Not Bold
Formatted: Outline numbered + Level: 1 + Numbering Style:
company, Banking Activities, Maintenance of Cash Reserve Ratio by 1, 2, 3, … + Start at: 1 + Alignment: Left + Aligned at: 0.25"
+ Indent at: 0.5"
scheduled and Non-Scheduled Banks, Power of the RBI in regulating
advance of Banks, Licensing of Banks and Branch Licensing, Board of
Directors of Commercial Banks and Role of Reserve Bank of India, Arms’
Length Transactions, Moratorium and Winding up of Banks, Banking Laws
(Amendment) Act, 2012. Formatted: Font: (Default) Arial, 12 pt
Formatted: List Paragraph, Line spacing: single, Adjust

space between Latin and Asian text, Adjust space between
Asian text and numbers, Tab stops: Not at -3"
MODULE 3: RECOVERY OF DEBT AND SECURITISATION ASSET

RECONSTRUCTION AND ENFORCEMENT OF SECURITY INTEREST, ASSET
RECONSTRUCTION AND ENFORCEMENT OF SECURITY INTEREST
a. 3.1 Defining and calculation of Non-Performing AssetConceptual Analysis, Formatted: Font: (Default) Arial, 12 pt
Formatted: Indent: Left: 0", Hanging: 0.31", Outline
2.1 numbered + Level: 2 + Numbering Style: 1, 2, 3, … + Start
at: 1 + Alignment: Left + Aligned at: 0.19" + Indent at:
2.2 3.2 Recovery of Debts due to Banks and Financial Institutions Act, 1993, 0.44"
Merits and demerits of Securitization, Formatted: Font: (Default) Arial, 12 pt
3.3 Mechanism of Securitization, Pass through and pay through Securities,

3.4 Enforcement of Security Interests under Securitisation and Reconstruction of
Financial Assets and Enforcement of Security Interest Act, 2002, Merits and
demerits of Securitization,
3.5 Asset Reconstruction Companies (ARC) in India,

3.6 Global Experience of Asset Reconstruction Companies.
3.7 Amendments introduced in 2016: “Enforcement of Security Interest and
Recovery of Debts Laws and Miscellaneous Provisions (Amendment) Act, 2016”
MODULE 4: OTHER LEGISLATIVE PROVISIONS REGULATING BANKING

ACTIVITIES
b.a. Consumer Protection Laws for Bank Customers, Consumer

Courts
c.b. Banking Ombudsman,
d.c. Negotiable Instruments Act, 1881,
e.d. Information Technology Laws as applicable to banking,
f.e. Micro Finance,
g. Self Help Groups, Non Funded Credit Facilities: Letters of Credit and
Guarantees, Consortium Loan, Non-Performing Assets, Recovery of
Debts due to Banks and Financial Institutions Act, 1993,
h.f. Alternative Dispute Resolution System,
Lok Adalat Formatted: List Paragraph, Justified, Line spacing: 1.5 lines,
Numbered + Level: 2 + Numbering Style: a, b, c, … + Start
g. at: 1 + Alignment: Left + Aligned at: 0.75" + Indent at: 1",
Formatted: Font: (Default) Arial, 12 pt
Formatted: List Paragraph, Justified, Line spacing: 1.5 lines,
Numbered + Level: 2 + Numbering Style: a, b, c, … + Start
at: 1 + Alignment: Left + Aligned at: 0.75" + Indent at: 1",

MODULE 5: INTERNATIONAL BANKING & FINANCIAL INSTITUTIONS
Basel Committee Recommendations I, II & III, International Banking, WTO and
Indian Banks, International Money Market, Raising of resources through ECBS,
ADRs, GDRs
MODULE 6: GENERAL PRINCIPLES GOVERNING INSURANCE CONTRACTS
Introduction to Insurance, Historical development, Kinds of Insurance, Risk

Management & Insurance, Functions of Insurance, Nature of Insurance Contract,
Insurance Documents, Insurable Interest, Nomination and Assignment in relation
to Insurance, Indemnity, Subrogation, Contribution, Cause
MODULE 7: THE LEGAL ISSUES AFFECTING INSURANCE CONTRACTS
Legal relationship between the Parties - Insured, Insurers, Reinsurers, Brokers,

Claimants, Slips, Contract Wording and the Factual Matrix, The Rules of
Construction and Interpretation of Contracts, Law and Jurisdiction, Duties of the
Insurer and Broker - Drafting, Checking, Signing, Leading Underwriters’
Agreements, Underwriting Agents and Delegated Authorities.
MODULE 8: POLICIES AND LIABILITY ASPECTS OF VARIOUS KINDS OF

INSURANCE
Life Insurance and Pensions, Marine Insurance, Property Insurance –Fire,

Engineering, Personal Line Insurance -Health, Personal, Accident, Rural & Micro
Insurance, Miscellaneous Insurance- Burglary, Fidelity Insurance, Aviation
Insurance, Motor Insurance, Liability Insurance
MODULE 9: THE SCOPE, COVERAGE AND LIMITS OF INSURANCE

CONTRACT WORDINGS

Features of the Schedule - Insured, Period, Limits, Premium, Territorial Scope,
Incorporation of Proposal Form and Information, Scope of Coverage and Basis of
Attachment., Exclusions - Exclusions applicable to Individual Sections of the
Wording, Exclusions Applicable to Whole Wording, ‘Buy-Backs’ to Exclusions,
Defining the Sum Insured or Limit of Indemnity - ‘Claim’, ‘Event’, ‘Occurrence’, and
‘Cause’, ‘Excess’ or ‘deductible’ and their interpretation, Endorsements and
Addenda, Special requirements for certain types of business
MODULE 10: COMMERCIAL CONTRACT WORDINGS & REGULATIONS
Implied Conditions, Loss / Claim Notification, claims Handling / Adjustment,

Insured’s Rights and Duties, Disputes, Cancellation, Consistency of Language
used / Definitions, Conditions Precedent, Reinsurance Wording and Slip Policies,
Ombudsmen
D. PEDAGOGY
 Lecture
 Discussions
 Term Paper/Project
 Reading Groups
 Workshops
 Viva Voce
 Presentations (Paper/ Project)
 Case Study
 Chalk and talk
 Random Questioning
 Reflections
 Case Analysis
 Reaction Papers
E. COURSE COMPLETION PLAN
Sessions: 4 lectures of 1 hour each.

Total hours per week: 8 hours per week for two batches, 4 lectures/ Batch
Tutorial classes would be held as per the requirement for problem-solving
exercises, taking-up tests and presentations.

F. EVALUATION & GRADING Formatted: Line spacing: Multiple 1.15 li
Description Weight age Schedule
Continuous Assessment 30% Detailed Below
Mid-term Exam 20% Academic Calendar
End term Exam 50% Academic Calendar
Internal Assessment: 100 Marks (shall be done based on the following 5

components):
Description Weight age Schedule:-
1. Continuous Assessment 30% Detailed Below
Continuous Assessment: (Marks 100) shall be done based on the following 5

components:
a. Two class tests 20 Marks (10*2)
b. Project work 20 Marks (Abstract, Synopsis, final Draft,
Presentation)
c. Reaction articles 20 Marks
e. Attendance 20 Marks
Five components will be used for internal assessment for this course (Total 100
marks), the details of each component is as follows:
a) Class Tests: There will be two class tests which may be surprise tests.
Tests carry 20% weightage.
b) Projects: Weightage 20 %. Each student is asked to prepare a topic from
the Project List attached as Annexure-II herewith and finally prepare a
project. Students are encouraged to write research papers and publish
them.
c) Reaction Paper: Each student has to select a published research
article/paper relating to banking or insurance law in consultation with the
faculty and submit the reaction paper (not more than 2000 words). It will
carry weightage of 20 %.
d) Viva: A viva of the whole syllabus and the project will be conducted
towards the end of the semester. It will have 20% weightage.

e) Attendance: It has 20% weightage. Formula for award of marks on
attendance shall be as under:
67-75 % 0 Marks
76-80% 5 Marks
81-85% 10 Marks
86-90% 15 Marks
91%-100% 20 Marks
Mid- Sem Examination: 20% Weightage
Mid- Sem examination shall be of two hour duration and shall be a combination of
objective, short, analytical and problem based questions.
End -Sem Examination: 50% Weightage
End-Sem examination shall be of three hours duration. The examination paper

shall have objective, short, analytical and problem based questions.
Passing Criterion: minimum 40% of the highest marks in the class
Student has to secure minimum 40% marks of the “highest marks in the class
scored by a student in the subject (in that class/group class)” individually
in both the ‘End-Semester examination’ and ‘Total Marks’ in order to pass in
the paper.
Attendance
Students are required to have minimum attendance of 75% in the subject.

Students with less than said percentage shall NOT be allowed to appear in the
end semester examination. The student obtaining 100% attendance would be
given 5% bonus marks for internal assessment.
Cell Phones and other Electronic Communication Devices: Cell phones and
other electronic communication devices (such as Blackberries/Laptops) are not
permitted in classes during Tests or the Mid/Final Examination. Such devices
MUST be turned off in the class room.
E-Mail and LMS: Each student in the class should have an e-mail id and a
password to access the LMS system regularly. Regularly, important information –
Date of conducting class tests, guest lectures, syndicate sessions etc. to the class
will be transmitted via e-mail/LMS. The best way to arrange meetings with us or
ask specific questions is by email and prior appointment. All the assignments
preferably should be uploaded on LMS. Various research papers/reference
material will be mailed/uploaded on LMS from time to time.
G. DETAILED SESSION PLAN
Session Topic Readings Pedagogy Formatted Table
Introductory
Course Plan Lecture
Introduction to the
Chalk & Talk
1. course
ASSIGNMENT & Examples
PROJECTS Discussion
PPT
1. ICSI, BANKING AND
MODULE 1. GENERAL
INSURANCE LAW AND Presentations,
OVERVIEW OF PRACTICE, Taxmann
Discussions,
DEVELOPMENT OF Publications (P.) Ltd., New
Delhi, pp. 3-23. Illustrations,
BANKING WITH FOCUS
ON RBI’S ROLE AS THE 2. M.L. Tannan, TANNAN'S Case Study
BANKING LAW AND
CENTRAL BANK OF
PRACTICE IN INDIA, (2000)
INDIA India Law House, New Delhi,
pp. 1-17, 304-329.
2. Evolution and Historical
Development of Banking in 3. Avtar Singh, BANKING
AND NEGOTIABLE
India, Nationalisation of INSTRUMENTS, Eastern
Banks and post Book Company (P.) Ltd.,
nationalization Lucknow, pp. 3-16.
developments: various 4. Anjani Kant, LECTURES

committees, ON BANKING LAW FOR
LAW STUDENTS, Central
, Law Publications, Allahbad,
pp. 1-42.

5. IIBF, LEGAL ASPECTS
OF BANKING
OPERATIONS, Macmillan
India Ltd., New Delhi, pp.3-
25.
Relevant cases:
R.C. Cooper v. Union of

India, AIR 1970 SC 564:
1970 SCR (3) 530. (The
Bank Nationalisation Case)
1. ICSI, BANKING AND PPT

INSURANCE LAW AND
PRACTICE, Taxmann Presentations,
Publications (P.) Ltd., New Discussions,
Delhi, pp. 5-14, 93, 120-154.
Illustrations,
2. M.L. Tannan, TANNAN'S
BANKING LAW AND Case Study
India Law House, New Delhi,
pp. 37-82.
3. Avtar Singh, BANKING

AND NEGOTIABLE
INSTRUMENTS, Eastern
Kinds of Banking Book Company (P.) Ltd.,
3. Lucknow, pp. 3-16.
Institutions
4. Anjani Kant, LECTURES
ON BANKING LAW FOR
Law Publications, Allahbad,
pp. 1-42.

OF BANKING
25, 91-113.
Relevant cases:
R.C. Cooper v. Union of

India, AIR 1970 SC 564:
1970 SCR (3) 530.

Sukra Shoe Fabric vs United
Commercial Bank (1990)73
Comp. Cas. 179

INSURANCE LAW AND
Delhi, pp. 159-193.
Illustrations,
BANKING LAW AND Case Study
pp. 331-369.
The Reserve Bank of India 4. Anjani Kant, LECTURES

Act, 1934, RBI Structure, ON BANKING LAW FOR
4. Departments and Control LAW STUDENTS, Central
by the Central Law Publications, Allahbad,
Government, RBI’s Power pp. 19-28.
of Inspection and Issue of
Directions
OF BANKING
64.
Relevant case:
Central Bank of India v.

Ravindra, AIR 2001 SC
3095
PPT
1. ICSI, BANKING AND Presentations,

INSURANCE LAW AND
PRACTICE, Taxmann Discussions,
Publications (P.) Ltd., New Illustrations,
Delhi, pp. 159-193.
5.
Case Study
An overview of the
BANKING LAW AND
Monetary Policy of the PRACTICE IN INDIA, (2000)
Central Bank, Instruments India Law House, New Delhi,
pp. 331-369.
and Modes of Credit

Control, RBI and the Call 3. Avtar Singh, BANKING
Money Market AND NEGOTIABLE
Book Company (P.) Ltd.,
Lucknow, pp. 3-16.

ON BANKING LAW FOR
pp. 19-28.

OF BANKING
64.
Relevant case:

3095
Major Policy Shifts, various 1. ICSI, BANKING AND PPT

INSURANCE LAW AND
Committee Reports- Presentations,
PRACTICE, Taxmann
Narasimham Committee Publications (P.) Ltd., New
Discussions,
Report I & II, New Delhi, pp. 18-23, 159-193,
237-257. Illustrations,
Instruments of Credit
Control: Repo and Reverse 2. M.L. Tannan, TANNAN'S Case Study
BANKING LAW AND
Repo, Clearing and
Settlement System; RBI India Law House, New Delhi,
6. Real Time Gross pp. 1-17, 22-179, 304-441,
Settlement System 2103-2271.
(RTGS), National 3. Avtar Singh, BANKING
Electronic Fund Transfer AND NEGOTIABLE
(NEFT) and other
technological Lucknow, pp. 3-16.
advancements.
ON BANKING LAW FOR
Impact of
demonetization on Law Publications, Allahbad,
banking sector

pp. 19-28.

OF BANKING
25, 297-381.
Relevant case:

3095

INSURANCE LAW AND
PRACTICE, Taxmann
Publications (P.) Ltd., New
Delhi, pp. 25-40, 202-219.

MODULE 2. BANKING LAW AND
INTRODUCTION TO PRACTICE IN INDIA, (2000)
BANKING OPERATIONS India Law House, New Delhi,
pp. 190-270, 414-422, 617-
AND REGULATION 724, 1104-1477.
THEREOF IN INDIA: PPT
Understanding Banking AND NEGOTIABLE Presentations,
7. Operations: Deposit
Discussions,
Accounts with Banks, Type Lucknow, pp. 17-211. Illustrations,
of Relationship with Bank
4. Anjani Kant, LECTURES Case Study
as a Depositor, Loanee ON BANKING LAW FOR
etc., LAW STUDENTS, Central
pp. 43-68.
5. IIBF, CUSTOMER
SERVICE & BANKING
CODES AND STANDARDS,
Taxmann Publications (P.)
Ltd., New Delhi.

OF BANKING

India Ltd., New Delhi.
7. The Banking Regulation

Act, 1949
8. The Bankers’ Books

Evidence Act, 1891
Relevant Cases:
Marfani and Co. Ltd vs

Midland Bank Limited 1968
1WLR 956
Union of India vs National

Overseas and Grindlays
Bank Ltd. 1978 48 Comp.
Cas 277
Santosh Kumar and Others

vs King AIR 1952 Cal 193
Backhouse v. Charlton
(1878) 8 Ch D 444

INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, pp. 101-115.
2. M.L. Tannan, TANNAN'S PPT

BANKING LAW AND
Sound Banking Principles
PRACTICE IN INDIA, (2000) Presentations,
for lending, Banker’s India Law House, New Delhi,
8. Perspective, Designing pp. 1104-1477.
Discussions,
Corporate Finance, Project Illustrations,

Appraisal by Banks AND NEGOTIABLE Case Study
Lucknow, pp. 17-211.

ON BANKING LAW FOR

pp. 133-164.
5. IIBF, CUSTOMER
SERVICE & BANKING
Ltd., New Delhi.

OF BANKING
India Ltd., New Delhi, pp. 27-
117, 166-191, 261-290.

Act, 1949

Evidence Act, 1891
Relevant Cases:
M/s. Kharavela Industries

Pvt. Ltd. v. Orissa State
Financial Corporation and
Others, AIR 1985 Orissa 153
Allahbad Bank v. Canara

Bank AIR 2000 SC 1535

INSURANCE LAW AND
PRACTICE, Taxmann
The Banking Regulation PPT
Delhi, pp. 202-219.
Act, 1949
Presentations,
9. Definitions of Banking, BANKING LAW AND Discussions,
Banking company, Banking PRACTICE IN INDIA, (2000)
India Law House, New Delhi, Illustrations,
Activities
pp. 190-270, 414-422, 617-
Case Study
724, 1104-1477.

AND NEGOTIABLE


ON BANKING LAW FOR
pp. 43-68.
5. IIBF, CUSTOMER
SERVICE & BANKING
Ltd., New Delhi.

OF BANKING
64.

Act, 1949

Evidence Act, 1891
Maintenance of Cash 1. ICSI, BANKING AND

Reserve Ratio by INSURANCE LAW AND
PRACTICE, Taxmann
scheduled and Non-
Scheduled Banks, Power Delhi, pp. 25-40, 202-219.
of the RBI in regulating
advance of Banks, BANKING LAW AND PPT
Licensing of Banks and PRACTICE IN INDIA, (2000)
Presentations,
Branch Licensing, Board of India Law House, New Delhi,
10. pp. 190-270, 414-422, 617- Discussions,
Directors of Commercial
724, 1104-1477.
Banks and Role of Illustrations,
Reserve Bank of India, Case Study
AND NEGOTIABLE
Arms’ Length INSTRUMENTS, Eastern
Transactions, Moratorium Book Company (P.) Ltd.,
and Winding up of Banks,
Banking Laws 4. Anjani Kant, LECTURES
(Amendment) Act, 2012. ON BANKING LAW FOR

pp. 43-68.
5. IIBF, CUSTOMER
SERVICE & BANKING
Ltd., New Delhi.

OF BANKING
64.

Act, 1949

Evidence Act, 1891
9. The Banking Laws

(Amendment) Act, 2012.
1. THE SECURITISATION
AND RECONSTRUCTION
OF FINANCIAL ASSETS
Module 3. AND ENFORCEMENT OF
SECURITY INTEREST ACT,
Recovery of Debts due to 2002.
Banks and Financial 2. B. N. Banerjee, GUIDE
Institutions Act, TO SECURITISATION
PPT
1993,SECURITISATION, RECONSTRUCTION OF
FINANCIAL ASSETS AND Presentations,
ASSET
ENFORCEMENT OF
11. RECONSTRUCTION AND SECURITY INTEREST, Discussions,
ENFORCEMENT OF Wadhwa and Company,
Nagpur. Illustrations,
SECURITY INTEREST :
3. ICSI, BANKING AND Case Study
Defining and calculation of INSURANCE LAW AND
NPA.Conceptual Analysis, PRACTICE, Taxmann
Merits and demerits of
Delhi, p. 190.
Securitization,
BANKING LAW AND

pp. 2012-2073.

ON BANKING LAW FOR
Law Publications, Allahabad,
pp. 223-248.

OF BANKING
India Ltd., New Delhi,
pp.295-353.
Relevant Cases:

State of Kerala, (2010) 2 BC
705 (SC)
Mardia Chemicals Ltd. v.

Union of India, (2004) 4
SCC 311
AND RECONSTRUCTION
OF FINANCIAL ASSETS
AND ENFORCEMENT OF
2002.
2. B. N. Banerjee, GUIDE
TO SECURITISATION
Conceptual Analysis,
RECONSTRUCTION OF
Merits and demerits of FINANCIAL ASSETS AND
Securitization, Mechanism ENFORCEMENT OF
12. SECURITY INTEREST,
of Securitization, Pass
Wadhwa and Company,
through and pay through Nagpur.
Securities
INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, p. 190.

BANKING LAW AND

pp. 2012-2073.

ON BANKING LAW FOR
pp. 223-248.

OF BANKING
pp.295-353.
Relevant Cases:

State of Kerala, (2010) 2 BC
705 (SC)
Mardia Chemicals Ltd. v.

Union of India, (2004) 4 SCC
311.
AND RECONSTRUCTION
OF FINANCIAL ASSETS
AND ENFORCEMENT OF
2002.
TO SECURITISATION
RECONSTRUCTION OF
FINANCIAL ASSETS AND
Security Interests under ENFORCEMENT OF
13.
SARFESI Act of 2002, SECURITY INTEREST,
Wadhwa and Company,
Nagpur.

INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, p. 190.

BANKING LAW AND

pp. 2012-2073.

ON BANKING LAW FOR
pp. 223-248.

OF BANKING
pp.295-353.
AND RECONSTRUCTION
OF FINANCIAL ASSETS
AND ENFORCEMENT OF
2002.
TO SECURITISATION
RECONSTRUCTION OF
FINANCIAL ASSETS AND
ENFORCEMENT OF
SECURITY INTEREST,
Wadhwa and Company,
Asset Reconstruction
Nagpur.
Enforcement of Companies
14. (ARC) in India, Global 3. ICSI, BANKING AND
INSURANCE LAW AND
Experience of Asset PRACTICE, Taxmann
Reconstruction Companies Publications (P.) Ltd., New
Delhi, p. 190.

BANKING LAW AND
pp. 2012-2073.

ON BANKING LAW FOR
pp. 223-248.

OF BANKING
pp.295-353.

INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, pp. 51-73, 190, 220-
234.
2. M. L. Tannan, TANNAN'S
BANKING LAW AND
pp. 18-21, 725-760, 761-
1101, 1540-1581, 1799-
1817, 1882-1914, 1915-
2009.
Module 4. OTHER
3. Avtar Singh, BANKING PPT
LEGISLATIVE
AND NEGOTIABLE
PROVISIONS INSTRUMENTS, Eastern Presentations,
REGULATING BANKING Book Company (P.) Ltd.,
Discussions,
15. ACTIVITIES: Consumer Lucknow, pp. 265-300.
Protection Laws for Bank 4. Anjani Kant, LECTURES Illustrations,
Customers, ON BANKING LAW FOR
Case Study
Banking Ombudsman
pp. 254-259.
5. IIBF, CUSTOMER
SERVICE & BANKING
Ltd., New Delhi, pp. 3-78,
149-162, 193-313, 355-475.

OF BANKING
India Ltd., New Delhi, pp.
193-202, 355-375, 419-447.
Relevant Cases:
Durga Hotel Complex v.

RBI, AIR 2007 SC 1467
Canara Bank v. P.R.N.

Upadhyaya, A IR 1998 SC
3000
BANKING LAW AND
pp. 18-21, 725-760, 761-
1101, 1540-1581, 1799-
1817, 1882-1914, 1915-
2009.

AND NEGOTIABLE

ON BANKING LAW FOR
LAW STUDENTS, Central PPT
pp. 254-259. Presentations,
Consumer Courts, Discussions,
16. 4. IIBF, CUSTOMER
deficiency in service SERVICE & BANKING Illustrations,
Taxmann Publications (P.) Case Study
149-162, 193-313, 355-475.

OF BANKING
419-447.
Relevant Cases:
Synco Industries v. State

Bank of Bikaner & Jaipur,
AIR 2002 SC 568
Doon Valley Rice Ltd.,

Karnal v. SBI, Karnal (2002)

3 CPR 31 (NC)
Presentations,
17. Negotiable Instruments Negotiable Instruments Act, 1881
Discussions,
Illustrations

INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, pp. 51-62.
BANKING LAW AND
pp. 18-21, 725-760, 761-
1101, 1540-1581, 1799-
1817, 1882-1914, 1915- PPT
2009. Presentations,
Information Technology
3. Avtar Singh, BANKING Discussions,
18. Laws as applicable to AND NEGOTIABLE
banking, INSTRUMENTS, Eastern Illustrations,
Lucknow, pp.303-447. Case Study

ON BANKING LAW FOR
pp. 70- 125.
5. IIBF, CUSTOMER
SERVICE & BANKING
149-162, 193-313, 355-475.
PPT
Micro Finance, Self Help 1. ICSI, BANKING AND
19. Groups, Non Funded
PRACTICE, Taxmann
Discussions,
Credit Facilities: Letters of Publications (P.) Ltd., New
Credit and Guarantees, Delhi, pp. 68-73, 101-118. Illustrations,

Consortium Loan, 2. M. L. Tannan, TANNAN'S Case Study
BANKING LAW AND
pp. 18-21, 725-760, 761-
1101, 1540-1581, 1799-
1817, 1882-1914, 1915-
2009.

ON BANKING LAW FOR
pp.167- 181.
4. IIBF, CUSTOMER
SERVICE & BANKING
149-162, 193-313, 355-475.

OF BANKING
117-293.
Relevant Case:
Fargo Freight Ltd. v.

Commodities Exchange
Corporation, AIR 2004 SC
4109 (Garnishee
Proceedings vis-à-vis Letter
of credit)

INSURANCE LAW AND
PRACTICE, Taxmann
Publications (P.) Ltd., New PPT
Delhi, pp. 51-73, 190, 220- Presentations,
20. 234.
Non-Performing Assets Discussions,
BANKING LAW AND Illustrations,
India Law House, New Delhi, Case Study
pp. 18-21, 725-760, 761-

1101, 1540-1581, 1799-
1817, 1882-1914, 1915-
2009.

ON BANKING LAW FOR
pp. 223-253.
4. IIBF, CUSTOMER
SERVICE & BANKING
149-162, 193-313, 355-475.

OF BANKING
377-402.
Relevant Cases:
United Bank of India v Abhijit

Tea Co. Pvt. Ltd., AIR 2000
SC 2957
United Bank of India v DRT

(1999) 4 SCC 69
Bank of India v. Vijay

Ramniklal AIR 1997 Guj.75.
Union of India v. Delhi High

Court Bar Association, AIR
2002 SC 1479

INSURANCE LAW AND
PRACTICE, Taxmann
Recovery of Debts due to Publications (P.) Ltd., New
21. Banks and Financial Delhi, pp. 51-73, 190, 220-
234.
Institutions Act, 1993,
BANKING LAW AND

pp. 18-21, 725-760, 761-
1101, 1540-1581, 1799-
1817, 1882-1914, 1915-
2009.
3. IIBF, CUSTOMER
SERVICE & BANKING
149-162, 193-313, 355-475.

OF BANKING
377-402.
Relevant Cases:
United Bank of India v DRT

(1999) 4 SCC 69
Bank of India v. Vijay

Ramniklal AIR 1997 Guj.75.
Union of India v. Delhi High

Court Bar Association, AIR
2002 SC 1479.

INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, pp. 51-73, 190, 220-
234.
Alternative Dispute BANKING LAW AND
22. Resolution System, Lok
Adalat pp. 18-21, 725-760, 761-
1101, 1540-1581, 1799-
1817, 1882-1914, 1915-
2009.
3. IIBF, CUSTOMER
SERVICE & BANKING

Ltd., New Delhi.
Tutorial (23)

INSURANCE LAW AND
Discussions,
Delhi, p. 95.
Module 5. Illustrations
INTERNATIONAL
BANKING LAW AND
BANKING & FINANCIAL PRACTICE IN INDIA, (2000)
24. Formatted Table
INSTITUTIONS: Basel India Law House, New Delhi,
Committee pp. 181-189, 526-531.
Recommendations I, II & III 3. IIBF, CUSTOMER

SERVICE & BANKING
Ltd., New Delhi, pp.107-108,
120.

INSURANCE LAW AND
Discussions,
Delhi, p. 95.
Illustrations
BANKING LAW AND
25. International Banking PRACTICE IN INDIA, (2000)
pp. 181-189, 526-531.
3. IIBF, CUSTOMER
SERVICE & BANKING
120.
26. WTO and Indian Banks 1. ICSI, BANKING AND

INSURANCE LAW AND PPT

Delhi, p. 95. Discussions,
2. M.L. Tannan, TANNAN'S Illustrations

BANKING LAW AND
pp. 181-189, 526-531.
3. IIBF, CUSTOMER
SERVICE & BANKING
120.

INSURANCE LAW AND
Delhi, p. 95.
Illustrations
International Money BANKING LAW AND
27. Market, Raising of PRACTICE IN INDIA, (2000)
resources through ECBS, pp. 181-189, 526-531.
ADRs, GDRs
3. IIBF, CUSTOMER
SERVICE & BANKING
120.
Module 6. GENERAL 1. ICSI, BANKING AND

PRINCIPLES INSURANCE LAW AND
PRACTICE, Taxmann
GOVERNING PPT
INSURANCE Delhi, pp. 299-363. Presentations,
28.
CONTRACTS
2. K.S.N. Murthy & K.V.S Discussions,
Sarma, MODERN LAW OF
Introduction to Insurance INSURANCE, LexisNexis, Illustrations,
Butterworths Wadhwa,
Historical Development Case Study
Nagpur, pp. 3-12.

Kinds of Insurance 3. Avatar Singh, LAW OF
INSURANCE, Eastern Book
Company, Lucknow, pp.1-
40.
4. J.V.N. Jaiswal, LAW OF

Company, Lucknow, pp. 1-
38, 67-97.
5. M.N. Mishra & S.B. Mishra

INSURANCE PRINCIPLES
AND PRACTICE, S. Chand
& Company Ltd., New Delhi,
pp. 3-30.
Relevant Case:
Amctil v. Manufacturer’s Life

Insurance Co., (1899) AC
604

INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, pp. 299-363.
2. K.S.N. Murthy & K.V.S

INSURANCE, LexisNexis,
Nagpur, pp. 3-12. PPT
Risk Management &
3. Avatar Singh, LAW OF Presentations,
Insurance,
29. INSURANCE, Eastern Book
Company, Lucknow, pp.1- Discussions,
Functions of Insurance
40.
Illustrations,
INSURANCE, Eastern Book Case Study
38, 67-97.

pp. 3-30, 625-630.

INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, pp. 299-363.

Nagpur, pp. 57-133. PPT
Nature of Insurance
30. Contract, Insurance INSURANCE, Eastern Book
Documents Company, Lucknow, pp.1- Discussions,
40.
Illustrations,
38, 67-97, 99-242.

pp. 21-30.

INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, pp. 299-363.

INSURANCE, LexisNexis, PPT
Nagpur, pp. 59-67. Presentations,
31. Insurable Interest
3. Avatar Singh, LAW OF Discussions,

INSURANCE, Eastern Book Illustrations,
44. Case Study

97.

pp. 3-30.
Relevant Case:
Amctil v. Manufacturer’s Life

Insurance Co., (1899) AC
604 (Insured to have
insurable Interest)

INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, pp. 299-363.

Nagpur, pp. 3-12, 101-115. PPT
Nomination and
32. Assignment in relation to INSURANCE, Eastern Book
Insurance, Company, Lucknow, pp.1- Discussions,
40.
Illustrations,
Company, Lucknow, pp.
1123-1144.

pp. 3-30.
PPT
Concepts of Indemnity,
PRACTICE, Taxmann Discussions,
33. Subrogation, Contribution, Publications (P.) Ltd., New
Cause Delhi, pp. 299-363. Illustrations,
2. K.S.N. Murthy & K.V.S Case Study


Nagpur, pp. 3-12.
3. Avatar Singh, LAW OF

40.

1123-1144.

pp. 3-30.
Relevant Case:
Yorkshire Insurance Co. v

Nisbet Shipping Co. [1962] 2
QB 330
Tutorial (34)
1 Avatar Singh, LAW OF PPT

Company, Lucknow, pp. 14- Presentations,
Module 7. THE LEGAL 40.
Discussions,
ISSUES AFFECTING
2. J.V.N. Jaiswal, LAW OF Illustrations,
INSURANCE INSURANCE, Eastern Book
CONTRACTS Company, Lucknow, pp. 99- Case Study
242.
35. Formatted Table
Legal relationship between
Relevant Cases:
the Parties - Insured,
Castellain v. Preston, (1883)
Insurers, Reinsurers,
11QBD 380
Brokers, Claimants,
Vishin N. Kanchandani v.
Vidya Lachmandas
Kanchandani, (2000) 6 SCC
724

1 Avatar Singh, LAW OF PPT
Company, Lucknow, pp. 14- Presentations,
Slips, Contract Wording 40.
Discussions,
and the Factual Matrix,
Illustrations,
The Rules of Construction
36. Company, Lucknow, pp. 99- Case Study
and Interpretation of 242.
Contracts,
Relevant Cases:
Law and Jurisdiction, Vishin N. Kanchandani v.

Vidya Lachmandas
Kanchandani, (2000) 6 SCC
724
1. Avatar Singh, LAW OF PPT

Duties of the Insurer and INSURANCE, Eastern Book
Presentations,
Broker - Drafting, Company, Lucknow, pp. 14-
40. Discussions,
Checking, Signing,
37. Leading Underwriters’ 2. J.V.N. Jaiswal, LAW OF Illustrations,
Agreements, Underwriting
Company, Lucknow, pp. 99- Case Study
Agents and Delegated 242.
Authorities.
Module 8. POLICIES AND

LIABILITY ASPECTS OF INSURANCE LAW AND
VARIOUS KINDS OF PRACTICE, Taxmann Presentations,
INSURANCE Publications (P.) Ltd., New
Discussions,
Delhi. pp. 365-482.
Life Insurance and Illustrations,
Pensions, Sarma, Modern Law of Case Study
38. Insurance, LexisNexis,
Personal Line Insurance - Butterworths Wadhwa,
Nagpur, pp. 137-291.
Health, Personal, Accident,
3. Avatar Singh, Law of
Marine Insurance, Insurance, Eastern Book
Property Insurance –Fire, 93.
Engineering 4. J.V.N. Jaiswal, LAW OF
243- 779, 1245-1320.
5. M.N. Mishra & S.B.

Mishra INSURANCE
PRINCIPLES AND
PRACTICE, S. Chand &
Company Ltd., New Delhi,
pp. 33-419.
6. Updated Online sources
Relevant Case:

11QBD 380

INSURANCE LAW AND
Discussions,
Delhi. pp. 365-482.
Illustrations,
Sarma, Modern Law of Case Study
Insurance, LexisNexis,
Rural & Micro Insurance,
3. Avatar Singh, Law of
Miscellaneous Insurance- Insurance, Eastern Book
Burglary, Fidelity 279.
39. Insurance, Aviation
Insurance, Motor
Insurance, Liability Company, Lucknow, pp.
Insurance 780- 1471.
5. M.N. Mishra & S.B.

Mishra INSURANCE
PRINCIPLES AND
PRACTICE, S. Chand &
Company Ltd., New Delhi,
pp. 423-536.
6. Updated Online sources
Relevant Cases:

11QBD 380.
1. K.S.N. Murthy & K.V.S PPT

Sarma, Modern Law of
Insurance, LexisNexis, Presentations,
Butterworths Wadhwa, Discussions,
Nagpur, pp. 71-86, 156-
157. Illustrations,
Module 9. THE SCOPE, 2. Avatar Singh, LAW OF Case Study
COVERAGE AND LIMITS INSURANCE, Eastern Book
OF INSURANCE Company, Lucknow, pp. 41-
279.
CONTRACT WORDINGS
Features of the Schedule - INSURANCE, Eastern Book
40.
Insured, Period, Limits, Company, Lucknow, pp. 99-
242, 393-437, 439-472.
Premium, Territorial
Scope, Incorporation of 4. ICSI, BANKING AND
INSURANCE LAW AND
Proposal Form and
PRACTICE, Taxmann
Information, Publications (P.) Ltd., New
Delhi, pp. 333-334.
Relevant Cases:
Fowkes v. Manchester and

London Asso and Loan
Association (1863) B & S
917.

Insurance, LexisNexis,
Scope of Coverage and
Basis of Attachment, Nagpur, pp. 71-86, 156-
Exclusions applicable to 157.
Individual Sections of the 2. Avatar Singh, LAW OF
41.
Wording, Exclusions INSURANCE, Eastern Book
Applicable to Whole Company, Lucknow, pp. 41-
279.
Wording, ‘Buy-Backs’ to
Exclusions 3. J.V.N. Jaiswal, LAW OF
242, 393-437, 439-472.

INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, pp. 333-334.
Relevant Case:

917.

Insurance, LexisNexis, Presentations,
Discussions,
Nagpur, pp. 71-86, 156-
157. Illustrations,
2. Avatar Singh, LAW OF Case Study

Defining the Sum Insured 279.
or Limit of Indemnity - 3. J.V.N. Jaiswal, LAW OF
‘Claim’, ‘Event’, INSURANCE, Eastern Book
42.
‘Occurrence’, and ‘Cause’, Company, Lucknow, pp. 99-
242, 393-437.
‘Excess’ or ‘deductible’ and
their interpretation, 4. ICSI, BANKING AND
INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, pp. 333-334.
Relevant Cases:

917.

Endorsements and
43. Addenda, Special Insurance, Presentations,
LexisNexis,
requirements for certain Butterworths Wadhwa, Discussions,
Nagpur, pp. 71-86, 156-
types of business 157. Illustrations,
2. Avatar Singh, LAW OF Case Study

279.

393-437, 439-472.

INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, pp. 333-334.
PPT
Module 10. PRACTICE, Taxmann
Discussions,
COMMERCIAL Publications (P.) Ltd., New
Delhi, pp. 281, 298, 314- Illustrations
CONTRACT WORDINGS
318, 350.
& REGULATIONS
44. 2. J.V.N. Jaiswal, LAW OF
Implied Conditions, Loss / INSURANCE, Eastern Book
Claim Notification, claims 38.
Handling / Adjustment,

INSURANCE LAW AND
Insured’s Rights and Publications (P.) Ltd., New

Discussions,
Delhi, pp. 281, 298, 314-
45. Duties, 318, 350. Illustrations
Disputes, Cancellation 3. J.V.N. Jaiswal, LAW OF

38.

INSURANCE LAW AND
Consistency of Language
Delhi, pp. 281, 298, 314-
46. used / Definitions, Wording 318, 350. Illustrations
and Slip Policies
38.

INSURANCE LAW AND
PRACTICE, Taxmann
Delhi, pp. 281, 298, 314- PPT
318, 350. Presentations,
Ombudsmen Conditions 2. K.S.N. Murthy & K.V.S Discussions,

47. Sarma, MODERN LAW OF
precedent, Reinsurance
INSURANCE, LexisNexis, Illustrations

1472-1484.
All relevant
48. Revision Discussion
readings/information
49-50
All relevant
(Extra Viva Voce Viva-voce
readings/information
Classes)

H.1. SUGGESTED READINGS:
ICSI, BANKING AND INSURANCE LAW AND PRACTICE, Taxmann Publications

(P.) Ltd., New Delhi.
K.S.N. Murthy & K.V.S Sarma, MODERN LAW OF INSURANCE, LexisNexis,

Butterworths Wadhwa, Nagpur.
M.L. Tannan, TANNAN'S BANKING LAW AND PRACTICE IN INDIA, (2000) India
Law House, New Delhi.
Avtar Singh, BANKING AND NEGOTIABLE INSTRUMENTS, Eastern Book Company

(P.) Ltd., Lucknow.
Anjani Kant, LECTURES ON BANKING LAW FOR LAW STUDENTS, Central Law
Publications, Allahbad.
IIBF, CUSTOMER SERVICE & BANKING CODES AND STANDARDS, Taxmann

Publications (P.) Ltd., New Delhi.
IIBF, LEGAL ASPECTS OF BANKING OPERATIONS, Macmillan India Ltd., New

Delhi.
J.V.N. Jaiswal, LAW OF INSURANCE, Eastern Book Company, Lucknow.
Avatar Singh, LAW OF INSURANCE, Eastern Book Company, Lucknow.
B. N. Banerjee, GUIDE TO SECURITIZATION RECONSTRUCTION OF FINANCIAL

ASSETS AND ENFORCEMENT OF SECURITY INTEREST, Wadhwa and Company,
Nagpur.
M. N. Mishra & S.B. Mishra INSURANCE PRINCIPLES AND PRACTICE, S. Chand &
Company Ltd., New Delhi
M.S. Parthasarathy (Ed.), KHERGAMWALA ON THE NEGOTIABLE INSTRUMENTS

ACT, Butterworth, New Delhi.
S.N.Gupta, THE BANKING LAW IN THEORY AND PRACTICE, Universal Publishing

Co. Pvt. Ltd., New Delhi.
G.S.N.Tripathi (Ed.), SETHI'S COMMENTARIES ON BANKING REGULATION ACT

1949 AND ALLIED BANKING LAWS, Law Publishers (India) Pvt. Ltd., Allahabad.
Bashyam and Adiga, THE NEGOTIABLE INSTRUMENTS ACT, Bharath Law House,
New Delhi.

S.N. Gupta, BANKS AND THE CONSUMER PROTECTION LAW, Universal
Publishing Co. Pvt. Ltd., Delhi.
T.K. Mukherjee, BANKING LAW AND PRACTICE, Universal Publishing Co. Pvt. Ltd.,
Delhi.
B.C. Mitra, LAW RELATING TO MARINE INSURANCE, Asia Law House,

Hyderabad.
JCB Gilmar and Mustill, ARNOLD ON THE LAW OF MARINE INSURANCE, Sweet &
Maxwell.
International Labour Office, ADMINISTRATION PRACTICE OF SOCIAL

INSURANCE (1985).
E.R. Hardy Ivamy, GENERAL PRINCIPLES OF INSURANCE LAW (1979).
Edwin W. Patterson, CASES AND MATERIALS ON LAW OF INSURANCE (1955).
M. N. Sreenivasan LAW AND THE LIFE INSURANCE CONTRACT (1914).
A. Basu, REVIEW OF CURRENT BANKING THEORY AND PRACTISE (1998) Mac

millan
M. Hapgood (ed.), PAGETS' LAW OF BANKING (1989) Butterworths, London
R. Goode, COMMERCIAL LAW, (1995) Penguin, London.
Ross Cranston, PRINCIPLES OF BANKING LAW (1997) Oxford.
L.C. Goyle, THE LAW OF BANKING AND BANKERS (1995) Eastern
M.L. Tannan, TANNAN'S BANKING LAW AND PRACTICE IN INDIA (1997) India
Law House, New Delhi, 2 volumes
K.C. Shekhar, BANKING THEORY AND PRACTICE (1998) UBS Publisher

Distributors Ltd. New Delhi.
M. Dassesse, S. Isaacs and G. Pen, E.C. BANKING LAW, (1994) Lloyds of London
Press, London
V. Conti and Hamaui (eds.), FINANCIAL MARKETS' LIBERALIZATION AND THE

ROLE OF BANKS, Cambridge University Press, Cambridge, (1993).
J. Dermine (ed.), EUROPEAN BANKING IN THE 1990S' (1993) Blackwell, Oxford.

C. Goodhart, THE CENTRAL BANK AND THE FINANCIAL SYSTEM (1995),
Macmillan, London.
S. Chapman, THE RISE OF MERCHANT BANKING (1984) Allen Unwin, London.
K. Subrahmanyan, BANKING REFORMS IN INDIA (1997) Tata Maigraw Hill, New

Delhi.
Subodh Markandeya and Chitra Markandeye, LAW RELATING TO FOREIGN

TRADE IN INDIA: BEING A COMMENTARY ON THE FOREIGN TRADE,
(DEVELOPMENT AND REGULATION) ACT 1992, Universal Law Publishing Co. Pvt.
Ltd., Delhi.
R.S. Narayana, THE RECOVERY OF DEBTS DUE TO BANKS AND FINANCIAL

INSTITUTIONS ACT, 1993 (51 OF 1993), Asia Law House, Hyderabad.
M.A. Mir, THE LAW RELATING TO BANK GUARANTEE IN INDIA (1992),

Metropolitan Book, New Delhi.
Anthony Pierce, DEMAND GUARANTEES IN INTERNATIONAL TRADE (1993)

Sweet & Maxwell.
Ross Cranston (ed.) EUROPEAN BANKING LAW: THE BANKER-CUSTOMER

RELATIONSHIP (1999) LLP, London.
Mitra, THE LAW RELATING TO BANKERS' LETTERS OF CREDIT AND ALLIED

LAWS, (1998) University Book Agency, Allahabad.
R.K. Talwar, REPORT OF WORKING GROUP ON CUSTOMER SERVICE IN

BANKS
Janakiraman Committee REPORT ON SECURITIES OPERATION OF BANKS AND

FINANCIAL INSTITUTION (1993)
Narasimham Committee REPORT ON THE FINANCIAL SYSTEM (1991); Second

Report (1999).
Singh, Bridge Anand, NEW INSURANCE LAW (2000) Union Book Publishers,
Allahabad.
Ivamy, CASE BOOK ON INSURANCE LAW (1984), Butterworths.
Ivamy, GENERAL PRINCIPLES OF INSURANCE LAWS (1993), Butterworths

John Birds, MODERN INSURANCE LAW (1988), Sweet and Maxwell
H.2. LEGISLATIVE MATERIALS:
The Banking Companies (Acquisition and Transfer of Understandings) Act, 1970
The Banking Laws (Amendment) Act, 2012
The Banking Regulation Act, 1949
The Bankers’ Books Evidence Act, 1891
The Chit Funds Act, 1982
The Consumer Protection Act, 1986
The Foreign Contribution (Regulation) Act, 2010
The Foreign Exchange Management Act, 1999
The Foreign Trade (Development and Regulation) Act, 1992
The Industrial Development Bank (Transfer of Undertaking and Repeal) Act, 2003
The Industrial Finance Corporation (Transfer of Undertaking and Repeal) Act, 1993
The Micro Finance Institutions (Development and Regulation) Act, 2012
The Negotiable Instruments Act, 1881
The Pension Fund Regulatory and Development Authority Act, 2011
The Prevention of Money Laundering Act, 2002
The Prize Chits and Money Circulation Scheme (Banning) Act, 1978
The Reserve Bank of India Act, 1934
The Recovery of Debts due to Banks and Financial Institutions Act, 1993
The Securitisation and Reconstruction of Financial Assets and Enforcement of

Security Interest Act, 2002
The State Bank of India Act, 1955
The State Bank of India (Subsidiary Banks) Act, 1959
The Insurance Act, 1938

The Life Insurance Corporation Act, 1956
The Insurance Regulatory Development Authority Act, 1999
The Deposit Insurance and Credit Guarantee Act, 1961
The Marine Insurance Act, 1963
The General Insurance Act, 1972
The Motor Vehicles Act, 1988
The Personal Injuries (Compensation Insurance) Act, 1963
The Life Insurance (Emergency Provision) Act, 1956
The General Insurance Business (Emergency Provisions) Act, 1971
The General Insurance Business (Nationalization) Act, 1971
The General Insurance Business (Nationalization) Act, 1972
The Public Liability Insurance Act, 1991
The Insurance Regulatory and Development Authority Act, 1999
The War Injuries (Compensation Insurance) Act, 1943
The Employees State Insurance Act, 1948
The Actuaries Act, 2006
The Insurance Rules, 1939
The Insurance Regulatory and Development Authority ( Salary and Allowances

Payable to, and other Terms and Conditions of Service of Chairperson and other
Members) Rules, 2000
The IRDA (Protection of Policyholders' Interest) Regulations, 2002

H: 3 Detailed Case Studies
S.No. Title Source Relevance

1. The Reserve Bank of India and (2016) 3 SCC RBI bound
Ors., v. Jayantilal N. Mistry and 525 under RTI
Ors.
1. Allahbad Bank v. Canara Bank AIR 2000 SC recovery of loan

1535 during winding
up
2. Amctil v. Manufacturer’s Life (1899) AC 604 Insured to have

Insurance Co. insurable
Interest
3. Backhouse v. Charlton (1878) 8 Ch D Banker’s Duty

444 in Partnership
Accounts
4. Bank of India v. Vijay Ramniklal AIR 1997 Money

Guj.75. misappropriated
by employee,
not a debt
within the
meaning of
DRT Act.
5. Canara Bank v. P.R.N. AIR 1998 SC Ombudsman

Upadhyaya, 3000 bound by RBI
Act and Rules
framed
thereunder
6. Castellain v. Preston (1883) 11QBD Contract of

380 Indemnity
7. Central Bank of India v. AIR 2001 SC RBI’s

Ravindra 3095 directions,
guidelines and
circulars-
binding
8. Central Bank of India v. State of (2010) 2 BC SARFESI Act

Kerala 705 (SC) not to override
Sales Tax Acts
9. Doon Valley Rice Ltd., Karnal v. (2002) 3 CPR Complex
SBI, Karnal 31 (NC) questions of
law and fact to
be agitated in
civil Court
10. Durga Hotel Complex v. RBI, AIR 2007 SC Ombudsman

1467 cannot interfere
with repayment
schedule
11. Fargo Freight Ltd. v. AIR 2004 SC Garnishee

Commodities Exchange 4109 Proceedings
Corporation vis-à-vis Letter
of credit
12. Fowkes v. Manchester and (1863) B & S Return of

London Asso and Loan 917. premium
Association
13. M/s. Kharavela Industries Pvt. , AIR 1985 Appropriation of

Ltd. v. Orissa State Financial Orissa 153 payments in the
Corporation and Others loan
14. Mardia Chemicals Ltd. v. Union (2004) 4 SCC SARFESI Act

of India, 311 prevails over
TP Act
15. Marfani and Co. Ltd v. Midland 1968 1WLR Requirement to

Bank Limited 956 be a customer
16. R.C. Cooper v. Union of India AIR 1970 SC The Bank

564: 1970 SCR Nationalisation
(3) 530. Case
17. Santosh Kumar and Others v. AIR 1952 Cal Relationship

King 193 between Bank
and Customer
18. Sukra Shoe Fabric vs United (1990)73 Maintainability

Commercial Bank Comp. Cas. of writ of

179 mandamus
19. Synco Industries v. State Bank AIR 2002 SC Filing of inflated

of Bikaner & Jaipur 568 claim- abuse of
process of
consumer
forum
20. Union of India v. Delhi High AIR 2002 SC DRT to regulate

Court Bar Association 1479 its procedure
21. Union of India v. National 1978 48 Comp. requirement to

Overseas and Grindlays Bank Cas 277 be a customer
Ltd.
22. United Bank of India v Abhijit AIR 2000 SC Legislative

Tea Co. Pvt. Ltd., 2957 intent of RDB
Act, 1993
23. United Bank of India v DRT (1999) 4 SCC scope of

69 definition of
debt under the
DRT Act
24. Vishin N. Kanchandani v. Vidya (2000) 6 SCC Rights of

Lachmandas Kanchandani, 724 Nominee
25. Yorkshire Insurance Co. v [1962] 2 QB Doctrine of

Nisbet Shipping Co. 330 Subrogation
26. Dasrath Rupsingh Rathod v. (2014) 9 SCC Negotiable

State of Maharashtra 129 Instruments
H: 4 WEB SOURCES:
www.rbi.org.in
http://dbie.rbi.org.in
bankdrt.net
www.drat.tn.nic.in
www.irda.gov.in
finmin.nic.in
Students will be informed about other websites as the course progresses upon
specific topics available on the world wide web.
LIST OF CASES-
1. Sukra Shoe Fabric vs United Commercial Bank (1990)73 Comp. Cas. 179
2. R.C. Cooper v. Union of India, AIR 1970 SC 564: 1970 SCR (3) 530.
3. Central Bank of India v. Ravindra, AIR 2001 SC 3095
4. Marfani and Co. Ltd v. Midland Bank Limited 1968 1WLR 956
5. Union of India v. National Overseas and Grindlays Bank Ltd. 1978 48
Comp. Cas 277
6. Santosh Kumar and Others v. King AIR 1952 Cal
7. Backhouse v. Charlton (1878) 8 Ch D 444
8. M/s. Kharavela Industries Pvt. Ltd. v. Orissa State Financial Corporation
and Others, AIR 1985 Orissa 153
9. Allahbad Bank v. Canara Bank AIR 2000 SC 1535
10. Central Bank of India v. State of Kerala, (2010) 2 BC 705 (SC)
11. Mardia Chemicals Ltd. v. Union of India, (2004) 4 SCC 311
12. Synco Industries v. State Bank of Bikaner & Jaipur, AIR 2002 SC 568
13. Doon Valley Rice Ltd., Karnal v. SBI, Karnal (2002) 3 CPR 31 (NC)
14. United Bank of India v Abhijit Tea Co. Pvt. Ltd., AIR 2000 SC 2957
15. United Bank of India v DRT (1999) 4 SCC 69
16. Bank of India v. Vijay Ramniklal AIR 1997 Guj.75.
17. Union of India v. Delhi High Court Bar Association, AIR 2002 SC 1479
18. Durga Hotel Complex v. RBI, AIR 2007 SC 1467
19. Canara Bank v. P.R.N. Upadhyaya, AIR 1998 SC 3000
20. Fargo Freight Ltd. v. Commodities Exchange Corporation, AIR 2004 SC
4109
21. Amctil v. Manufacturer’s Life Insurance Co., (1899) AC 604

22. Vishin N. Kanchandani v. Vidya Lachmandas Kanchandani, (2000) 6 SCC
724
23. Castellain v. Preston, (1883) 11QBD 380
24. Yorkshire Insurance Co. v Nisbet Shipping Co. [1962] 2 QB 330
25. Fowkes v. Manchester and London Asso and Loan Association (1863) B &
S 917.
26. The Reserve Bank of India and Ors., v. Jayantilal N. Mistry and
Ors.; (2016) 3 SCC 525
27. Central Bureau of Investigation, Bank Securities and Fraud Cell and Others
v. Ramesh Gelli and Others (Criminal Appeal Nos. 1077-1081 of 2013 and
W. P. (Crl.) No. 167 of 2015)
NOTE: The above-mentioned list of cases is not exhaustive and final. The course
delivery shall cover many more cases than these.
Databases:
SCCONLINE
Westlaw
JSTOR
Instructions:
a) Students must submit assignments/ Projects by scheduled date.

(Details are given along with assignment/ Project topics).
b) Viva-voce may be conducted for those group projects, for which adequate
time for presentations is not available.
c) Students are expected to read the concerned session’s contents in
advance before coming to the class.
d) The session will be made interactive through active participation from
students. The entire session will be conducted through question-answer,
discussion, current practices, examples, problem solving, brain-storming
activities, Group discussions and presentations etc.
e) Students are expected to refer to LMS for pre-readings of research
papers/interviews/articles for various sessions. They need to go through the
websites mentioned in the course plan and may be asked for Book
Reviews or Abstract presentation on selected relevant topics from referred
journals/ Law magazines.
f) All schedules/announcements must be strictly adhered to.
g) Plagiarism, in any form, will be least tolerated. Student, if found
plagiarized, will be subject to disciplinary action. To avoid plagiarism, the
instructor recommends the following:
1. Acknowledge by way of a citation whatever is borrowed.
2. Put in quotation any sentence in which there are more than 12 words
in a sequence
3. To the maximum extent possible, paraphrase others’ ideas and then
acknowledge them through citations.
4. Make all borrowings, which are more than 50 words in a sequence,
into a block quote.
However,
1. Copying lines (more than 12 words in a sequence) or passages from

other sources, not citing them, and writing the name of the source as
reference in the end of the paper will be deemed plagiarism
2. After copying lines in which there are more than 12 words in a
sequence and providing a citation at the end of a line or paragraph will
also be deemed plagiarism
3. Copying others assignment, though they are original, will be
considered plagiarism
Say no to plagiarism! Let’s develop a fine research culture in CoLS.

ANNEXURE I
INSTRUCTIONS TO STUDENTS
ON REACTION PAPER
1. The reaction paper must be typed.
2. The student will work on a research paper/ article of his choice only after
consultation with the concerned faculty.
3. The research paper/ article chosen by the student should be of current

relevance.
4. The reaction paper should not be more than 2000 word.
5. Please remember that due to the dynamic and rapidly changing global legal
environment and the continuously realigning geopolitical situation, your
reaction paper should capture and depict the current contemporary
information.
6. As a student of Law, we encourage to have a contrary point of view. But do

ensure that you can provide a logical justification to this view supported by
verifiable facts, figures, statutes and decided cases by various Indian and
foreign courts.
7. Caution: All reaction papers submitted by the students will go through the
process of plagiarism check through the anti-plagiarism software (Turnitin).
The report produced by the software will necessarily be as per the
standards prescribed by the university. If the report is below standards the
supervisor will reject the project and award zero marks.

Annexure-II
Project Topics:
1. Super regulators: An analysis

2. Bank nationalization case
1.3. Amalgamation and Reconstruction of Banking Companies.
2.4. Asset Reconstruction Companies: Role and Importance
3. Assignment of Insurance Policies
4. Auditing of Banking Companies
5. Aviation Insurance
6. Bancassurance
7. Banker’s lien and set-off
Risk in Insurance
Risk Management & Insurance
Role and regulation of Actuaries
Role of Foreign Banks in India
Role of RBI in controlling Inflation & Deflation.
Role of RBI: An Overview.
Rules of Construction and Interpretation of Contracts,
Rural & Micro Insurance,
Self Help Groups
5. Shere Committee Report
6. Shetty Committee Report
7. Subrogation
8. Underwriting Agents and Delegated Authorities
9. Winding Up of Banking Companies.
WTO and Indian Banks
10.
8.11. Banking Ombudsman
9.12. Basel Committee Recommendations I
10.13. Basel Committee Recommendations II
11.14. Basel Committee Recommendations III
12.15. Burglary Insurance

13.16. Buy-Backs’ to Exclusions of Insurance Contract
14.17. Cause
15.18. Chore Committee Report
16.19. Claim settlement in Insurance Contracts
17.20. Claims and the principles of Claims
18.21. Clayton’s Rule of appropriation in payment
19.22. Consortium Loan
20.23. Consumer Protection Laws for Bank Customers
21.24. Consumer protection of Insurance Holders
22.25. Contract Wording and the Factual Matrix
23.26. Contribution
24.27. Corporate Finance
25.28. Credit Insurance
26.29. Credit Policy of the Reserve Bank of India.
27.30. Criminal Liability of drawer for issuing Cheques without fund
28.31. Defining the Sum Insured or Limit of Indemnity - ‘
29.32. Double Insurance
30.33. Drafting, Checking, Signing, Leading Underwriters’ Agreements
31.34. Duties of the Insurer and Broker
32.35. Electronic Fund Transfer
33.36. Exclusions applicable to Individual Sections of the Wording of
Insurance Contract
34.37. Exclusions Applicable to Whole Wording of Insurance Contract
35.38. Fidelity Insurance
36.39. Functions of Commercial Banks
37.40. Functions of Insurance
38.41. Garnishee order
39.42. Holder and Holder in due course of a Negotiable Instrument
40.43. IBA Code of Bank’s Commitment to Customers and Banking
Practice
41.44. Implied Conditions of Insurance Contract
42.45. Indemnity
43.46. Insurable Interest
44.47. Insurance as a Contract
45.48. Insurance Documents
46.49. Insurance Marketing
47.50. Insured’s Rights and Duties,
48.51. International Money Market
49.52. Khusro Committee Report
50.53. Legal relationship amongst Insured, Insurers, Reinsurers, Brokers,
Claimants
51.54. Letters of Credit and Guarantees
52.55. Liability Insurance
53.56. Life Insurance and Pensions
54.57. Lok Adalat and Banking Sector
55.58. M.S.Verma Committee Report
56.59. Madhva Rao Committee Report
57.60. Marathe Committee Report
58.61. Marine Insurance: Meaning and Nature
59.62. Micro Finance
60.63. Monetary Policy of the Reserve Bank of India
61.64. Motor Insurance
62.65. Naik Committee Report
63.66. Nature of Insurance Contract
64.67. Nomination of Insurance Policies
65.68. Non Funded Credit Facilities
66.69. Non-Performing Assets
70. Assignment of Insurance Policies
71. Auditing of Banking Companies
72. Aviation Insurance
73. Bancassurance
74. Banker’s lien and set-off
75. Risk in Insurance
76. Risk Management & Insurance
77. Role and regulation of Actuaries
78. Role of Foreign Banks in India
79. Role of RBI in controlling Inflation & Deflation.
80. Role of RBI: An Overview.
81. Rules of Construction and Interpretation of Contracts,
82. Rural & Micro Insurance,
83. Self Help Groups Formatted: Adjust space between Latin and Asian text,
67.84. Ombudsmen
68.85. Personal Line Insurance
69.86. Project Appraisal by Banks
70.87. Property Insurance
71.88. Public Liability Insurance
72.89. Quantum Meruit
73.90. RBI and the Call Money Market
74.91. Reinsurance
92. Reinsurance Wording and Slip Policies
93. Insolvency and Bankruptcy code: Analysis
SARFESI: Amendments 2016 Formatted: Normal, Indent: Left: 0"
94.
75.1. Risk in Insurance Formatted: Font: 10 pt
76.1. Risk Management & Insurance

77.1. Role and regulation of Actuaries
78.1. Role of Foreign Banks in India
79.1. Role of RBI in controlling Inflation & Deflation.
80.1. Role of RBI: An Overview.
81.1. Rules of Construction and Interpretation of Contracts,
82.1. Rural & Micro Insurance,
83.1. Self Help Groups
84.1. Shere Committee Report
85.1. Shetty Committee Report
86.1. Subrogation
87.1. Underwriting Agents and Delegated Authorities
88.1. Winding Up of Banking Companies.
89. WTO and Indian Banks
NNOTE: The above-mentioned list of project topics is suggestive and allotment of project topics to Formatted: Normal, Indent: Left: 0"
students is subject to approval by the instructor. Formatted: Font: (Default) Arial, 10 pt
Formatted: Centered

GUIDELINES FOR PROJECT WORK Formatted: Font: Bold
Formatted: Normal
The project will be completed as follows:
1. Abstract: One Paragraph in around 300 words.
It may be in 3 paragraphs
a. Highlighting the topic

b. Areas of concern and expected solution
c. Scheme of research
d. Key words
2. Submission of synopsis
Synopsis should contain the following:
a. Statement of the Problem

b. Survey of the existing literature
c. Identification of the issues
d. Objective and scope of the research
e. Research Methodology adopted
f. Probable outcome
g. Chapterisation
3. Submission of Final Project report after approval of synopsis.
a. Excluding the Cover page, index page and bibliography the main write
up should be around 20 pages. 1.5 Space, Times New Roman, Font
Size 12. The project should be printed both sides to save paper.
b. Project must have- Cover page stating Subject name, Title of the
Project, Supervisor name, Student details etc.
c. Students have to follow a uniform method of citation (the suggested
method is Blue Book 19th Edition) and must mention the same in the
research methodology).
d. The main body of the project must contain- Introduction, different
chapters, conclusion, suggestions, along with foot notes and
bibliography.
4. The project work shall
a. Be focused on the problem

b. Include current status of knowledge in the subject (literature review);
c. Embody the result of studies carried out by him/her;
d. Show evidence of the student’s capacity for critical examination and
judgment; and

e. Be satisfactory in presentation so far as language, style and form are
concerned
5. The student shall indicate clearly and extensively in his/her project,

the following:
a. The source from which referred information is taken;

b. The extent to which he/she has availed himself/herself of the work of
others and the portion of the /project work he/she claims to be his/her
original work; and
c. Whether his/her project work has been conducted independently or in
collaboration with others.
6. A certificate to the effect that the project work carried out by the student
independently or in collaboration with other student(s) endorsed by the
student shall form the part of the submission for evaluation.
7. Every student who spends a specified period of time in an

industry/organization/institute for reasons of work related to his/her project
work, with prior permission from the Coordinator concerned will explicitly
acknowledge working in the relevant industry/organization/institute.
8. All projects submitted by the students will go through the process of

plagiarism check through the anti-plagiarism software (Turnitin). The report
produced by the software will necessarily be as per the standards
prescribed by the university. If the report is below standards the supervisor
will reject the project and award zero marks.
Annexure- III
Formatted Table
CONTINOUS ASSESSMENT SHEET (January -June,2016)

Programme Formatted Table
Name Semester II Formatted: Left
Faculty Name
Subject
Subject Code
Quiz/Class Test/ Snap Test Reaction Paper Project Subject Attenda Total
Work Grand Viva nce 100
Marks
Enrl. No. Name

20% weightage 20% weightage 20% 20% 20%
weightage weightage weighta
ge
I II Report /
Viva /PPT
10 10
1

2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Annexure-IV
Internal Assessment Schedule
Class test Class test 2/ Quiz Abstract Synopsis Reaction Final Project Viva
1/quiz submission submission Paper Project Presentations
Submission
Snap Snap On or On or Before On or Before On or April 18-29,

Before Before 20187 May 1-6,
To be To be intimated a February 28, March 31, 20187
intimated week before the February 20187 20187 April 17,
a week test/quiz 15, 20187 20187
before the
test/quiz

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Format No. QSP/7.1/01.

UNIVERSITY OF PETROLEUM & ENERGY STUDIES

Programme : 1. B. A., LL.B. (Hons.) Energy Laws,

UPES Campus Tel: +91-135-2770137

School of LawCollege of Legal Studies Jan.-May. 20187

Subject: Banking & Insurance Law Course: Formatted Table

B.A., LL.B. (Hons.) Energy Laws;

The objectives of this course are,

B. At the end of the Formatted: Indent: Left: 0.5", No bullets or numbering

1. Understand the functioning and governance of banking and insurance

School of LawCollege of Legal Studies Jan.-May. 20187

School of LawCollege of Legal Studies Jan.-May. 20187

School of LawCollege of Legal Studies Jan.-May. 20187

School of LawCollege of Legal Studies Jan.-May. 20187

Students will influence

a. Two class tests 20 Marks (10 x 02 Marks)

Formatted: Plain Text, Left, Add space between paragraphs

School of LawCollege of Legal Studies Jan.-May. 20187

The students will be able

School of LawCollege of Legal Studies Jan.-May. 20187

The students will be able to

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School of LawCollege of Legal Studies Jan.-May. 20187

Students will demonstrate  

School of LawCollege of Legal Studies Jan.-May. 20187

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a. Two class tests 20 Marks (10 x 02 Marks)

School of LawCollege of Legal Studies Jan.-May. 20187

The students will be able to

Formatted: Left, Space After: 10 pt, Line spacing: Multiple

School of LawCollege of Legal Studies Jan.-May. 20187

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3. Post nationalization stage

3.41.1 Clearing and Settlement System;

Formatted: List Paragraph, Indent: Left: 0.75"

MODULE 2: INTRODUCTION TO BANKING OPERATIONS AND REGULATION

of Relationship with Bank as a Depositor, Loanee etc., Sound Banking

School of LawCollege of Legal Studies Jan.-May. 20187

2. Formatted: Font: (Default) Arial, 12 pt

2. The Reserve Bank of India Act, 1934 Formatted: Font: Bold

2.1 RBI Structure,

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Formatted: List Paragraph, Line spacing: single, Adjust

MODULE 3: RECOVERY OF DEBT AND SECURITISATION ASSET

Merits and demerits of Securitization, Formatted: Font: (Default) Arial, 12 pt

3.3 Mechanism of Securitization, Pass through and pay through Securities,

3.5 Asset Reconstruction Companies (ARC) in India,

MODULE 4: OTHER LEGISLATIVE PROVISIONS REGULATING BANKING

b.a. Consumer Protection Laws for Bank Customers, Consumer

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MODULE 6: GENERAL PRINCIPLES GOVERNING INSURANCE CONTRACTS

Introduction to Insurance, Historical development, Kinds of Insurance, Risk

MODULE 7: THE LEGAL ISSUES AFFECTING INSURANCE CONTRACTS

Legal relationship between the Parties - Insured, Insurers, Reinsurers, Brokers,

MODULE 8: POLICIES AND LIABILITY ASPECTS OF VARIOUS KINDS OF

Life Insurance and Pensions, Marine Insurance, Property Insurance –Fire,

MODULE 9: THE SCOPE, COVERAGE AND LIMITS OF INSURANCE

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MODULE 10: COMMERCIAL CONTRACT WORDINGS & REGULATIONS

Implied Conditions, Loss / Claim Notification, claims Handling / Adjustment,

E. COURSE COMPLETION PLAN

Sessions: 4 lectures of 1 hour each.

School of LawCollege of Legal Studies Jan.-May. 20187