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Bombay High Court Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation and Exonerates Insurer for Breach of Policy Condition. Vehicle Used as Public Transport Despite Being Insured as Private Vehicle, Violating Section 149 of Motor Vehicles Act, 1988.

The case arises from a motor accident claim filed by the widow and children of Rahul Shirsath, who died in a collision between a MAX (Jeep) and a Milk...

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High Court of Bombay Dismisses Petition Challenging Arbitral Award in Insurance Dispute — Loss of Profit Claim Rejected Due to Flood Exclusion Clause. The court upheld the arbitrator's finding that 'inundation' was excluded under the Loss of Profit (Fire) Policy, and the claim was not maintainable.

The petitioner, Agrocel Industries Pvt. Ltd., was engaged in the production of Marine Chemical Bromine and had availed a 'Loss of Profit (Fire) Policy...

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High Court of Karnataka Allows EPF Authority's Petition Against Tribunal's Reduction of Damages Under Section 14B of EPF Act. Mens Rea Not Required for Imposition of Damages for Delayed Remittance; Tribunal's Order Set Aside for Lack of Reasons.

The Regional Provident Fund Commissioner-I, Employees' Provident Fund Organization, Bengaluru, filed a writ petition under Articles 226 and 227 of the...

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High Court of Gujarat Dismisses Insurance Company's Appeal in Motor Accident Claim — Upholds Tribunal's Award of Rs.12,04,970 with 9% Interest. Negligence of Motorcycle Driver Established; No Error in Multiplier or Dependency Calculation.

The present appeal was filed by the Oriental Insurance Company Ltd under Section 173 of the Motor Vehicles Act, 1988, challenging the judgment and awa...

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Supreme Court Holds Section 15J Factors Illustrative in SEBI Penalty Adjudication. Adjudicating Officer Retains Discretion to Consider Mitigating Circumstances Beyond Stipulated Factors Under SEBI Act.

The Supreme Court of India adjudicated a reference arising from multiple civil appeals concerning the interpretation of Section 15J of the Securities ...