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Supreme Court Allows Appeals by Truck Owner Against Insurance Company's 'Pay and Recovery' Direction in Fake Driving Licence Case - Insurance Company Directed to Indemnify Owner as Breach Not Proved

The Supreme Court allowed civil appeals filed by Hind Samachar Ltd. (Delhi Unit) against the National Insurance Company Ltd. regarding an accident tha...

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Supreme Court Allows Assessees' Appeals in Interest Tax Dispute on Hire-Purchase Transactions. The interest component in hire-purchase instalments is not taxable under Section 2(7) of the Interest-Tax Act, 1974 as hire-purchase transactions are not loans or advances.

The Supreme Court allowed the appeals filed by M/s Muthoot Leasing and Finance Limited and other assessees, setting aside the judgment of the Kerala H...

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Supreme Court Allows Assessees in Interest Tax Act Case on Hire-Purchase Instalments. Hire-purchase agreements are distinct from loans, and interest component in instalments is not taxable under Section 2(7) of the Interest-Tax Act, 1974, as it does not constitute interest on loans and advances.

The dispute involved a batch of civil appeals concerning the tax liability of non-banking finance and leasing companies under the Interest-Tax Act, 19...

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High Court of Bombay Dismisses Appeal by MSRTC in Motor Accident Claim — Compensation of Rs. 13 Lakhs Upheld for Death of Lecturer with Multiple Income Sources. Tribunal's Assessment of Income, Future Prospects, and Multiplier Found Correct Under Motor Vehicles Act, 1988.

The case arises from a motor accident claim petition filed by the respondents, who are the widow, minor daughter, and parents of the deceased Sheshrao...

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High Court of Bombay at Nagpur Dismisses Insurance Company's Appeal in Motor Accident Claim — Deceased's Income as Shikshan Sewak Assessed at Rs.19,000 per Month Based on 6th Pay Commission. Compensation of Rs.44,21,000 Upheld as Just and Proper.

The case involves an appeal filed by Shriram General Insurance Company Ltd. under Section 173 of the Motor Vehicles Act, 1988, challenging the award o...

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Bombay High Court Dismisses Appeal Against Arbitral Tribunal's Interim Order in Arbitration Petition Under Section 37 of Arbitration and Conciliation Act, 1996. Court Holds That Scope of Interference Under Section 37 Is Limited and Impugned Order Did Not Suffer From Patent Illegality or Perversity.

The petitioners, Wind World (India) Limited and others, filed an arbitration petition under Section 37 of the Arbitration and Conciliation Act, 1996, ...

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Bombay High Court Partly Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation Due to Contributory Negligence. Deceased driver found 50% contributorily negligent in head-on collision; insurer's liability limited to 50% of awarded amount under Motor Vehicles Act, 1988.

The case arises from a motor accident on 25.12.1989 on National Highway No.7 near Kondhali, Nagpur, involving a collision between two trucks: one bear...

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Bombay High Court Allows Appeal in Motor Accident Claim — Enhances Compensation for Death of 40-Year-Old Businessman. Multiplier of 15 applied based on age of deceased, not claimant, under Motor Vehicles Act, 1939.

The case arises from a motor accident claim petition filed by the widow, mother, and three minor children of Hasmukhchandra Shah, who died in a vehicu...