Section 53: Winding up by the Court

Q: What does Section 53 of The Insurance Act, 1938 (TIA) deal with?

Section 53 TIA pertains to "Winding up by the Court". It is part of the The Insurance Act, 1938, a legislation enacted by the Parliament of India. Section 53 of The Insurance Act, 1938 (TIA) governs winding up by the Court. As verified on 22 May 2026.

Q: Is Section 53 TIA still in force?

Yes, Section 53 of the The Insurance Act, 1938 is currently in force across the Republic of India.

Q: What is धारा 53 TIA?

धारा 53 TIA is the Devanagari Hindi reference for Section 53 of the The Insurance Act, 1938. Section 53 of The Insurance Act, 1938 (TIA) governs winding up by the Court. As verified on 22 May 2026.

Q: What is Dhara 53 TIA?

Dhara 53 TIA is the Roman Hindi reference for Section 53 of the The Insurance Act, 1938. "Dhara" means "Section" in Hindi. Section 53 of The Insurance Act, 1938 (TIA) governs winding up by the Court. As verified on 22 May 2026.

Q: How to cite Section 53 of The Insurance Act, 1938?

Cite as: "Section 53, The Insurance Act, 1938 (TIA)" in legal briefs. For academic writing, use the BlueBook format: The Insurance Act, 1938, 1938, § 53 (India).

Law on Tips Editorial Board

(1)

The Tribunal may order the winding up in accordance with the Companies Act, 1956 (1 of 1956) of any insurance company and the provisions of that Act shall, subject to the provisions of this Act, apply accordingly.

Explanation.—For the purpose of sections 53 to 61A, "Tribunal " means the National Company Law Tribunal constituted under sub-section (1) of section 408 of the Companies Act, 2013 (18 of 2013).

(2)

In addition to the grounds on which such an order may be based, the Tribunal may order the winding up of an insurance company-