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Bombay High Court Dismisses Insurance Company's Appeals in Motor Accident Claims — Upholds Compensation for Third-Party Injuries. Insurer's Liability Under Section 147 of Motor Vehicles Act, 1988 Cannot Be Avoided on Ground of Breach of Policy Conditions Without Evidence of Wilful Default.

The New India Assurance Company Ltd. filed three appeals against a common judgment of the Motor Accident Claims Tribunal awarding compensation to thre...

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Supreme Court Allows Appeal in Insurance Claim Dispute — Fire Policy Coverage for Damaged Machinery Upheld. Surveyor's Report Not Binding on Insured; Insurer Cannot Repudiate Claim Based on Surveyor's Assessment Without Independent Grounds.

The appellant, M/s Super Label Mfg. Co., a registered partnership firm engaged in printing high technology labels, imported sophisticated printing mac...

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Supreme Court Allows Insurer's Appeal in Insurance Claim Dispute Over Depreciation Rate for Fire-Damaged Machinery. Court Holds That Insured's Failure to Reinstate Damaged Property Within Extended Time Renders Reinstatement Value Clause Inoperative, Entitling Only Market Value on Depreciation Basis.

The dispute arose from a fire accident on 12.12.1998 that destroyed the '20 Hi Cold Rolling Mill' of the insured, M/s Bhushan Steel and Strips Ltd (la...

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Supreme Court Dismisses Assessee's Appeal in Income Tax Rebate Case Due to Non-Satisfaction of Section 15(1) Conditions. Children’s Deferred Endowment Assurance Policy Premium Not Eligible for Rebate as Insurance Not on Assessee’s Own Life Under Income Tax Act, 1922.

The case arose from an income-tax assessment for the year 1960-61, where the assessee, a minor, claimed rebate under Section 15(1) of the Income-tax A...

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Bombay High Court Dismisses Insurance Company's Appeal in Motor Accident Claim — Insurer Failed to Prove Breach of Policy Terms. Joint and Several Liability of Insurer and Owner Upheld Under Motor Vehicles Act, 1988.

The appeal arises from a motor accident claim petition No. 51 of 1990 before the Claims Tribunal, Aurangabad. The accident occurred on 20.9.1989 when ...