Search Results for "Third Party Risk"

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Supreme Court Allows Banks' Appeals in RBI Fraud Classification Case Regarding Natural Justice Requirements. Court Holds No Absolute Right to Personal Hearing or Full Forensic Audit Report Disclosure Under RBI Master Directions Issued Under Section 35A Banking Regulation Act, 1949.

The dispute arose from the classification of loan accounts as 'fraud' by banks under the Reserve Bank of India's Master Directions. The appellant bank...

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High Court of Karnataka Enhances Compensation for Injured Minor in Motor Accident Case — Multiplier Applied for Future Loss of Earning Capacity. Claimant, a 16-year-old student, suffered 30% permanent disability; compensation increased from Rs.3,66,000 to Rs.5,66,000 with 6% interest.

The case involves two appeals arising from a motor accident claim. The claimant, K. Koushik, a minor aged 16 years, was injured in a road accident on ...

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High Court of Karnataka Dismisses Insurance Company's Appeal in Motor Accident Claim — Deemed Owner Liability Under Section 163-A MV Act. Occupant of Jeep Treated as Third Party; Insurance Company Cannot Avoid Liability on Ground of Policy Exclusion.

The appeal was filed by the Oriental Insurance Company Limited against the judgment and award dated 19.02.2013 passed by the Motor Accident Claims Tri...