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High Court of Karnataka Allows Appeal in Motor Vehicle Accident Claim — Insurance Company Held Liable Despite Alleged Breach of Permit Conditions. Owner's Liability Shifted to Insurer as Vehicle Was Used Within Permitted Area and No Fundamental Breach of Policy Terms Was Established.

The appellant, Sri P. Yadava Rao, filed a claim petition under the Motor Vehicles Act, 1988, seeking compensation for injuries sustained in a motor ve...

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Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...

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Bombay High Court Allows Appeal Against Insurer in Goods Vehicle Passenger Death Case — Hirer Travelling with Goods Deemed Passenger Under Section 166 Motor Vehicles Act, 1939. Division Bench Precedent on Risk Coverage for Hirer Travelling with Goods Followed.

The appellants, legal heirs of Shankar Laxman Barve, filed a claim petition under Section 166 of the Motor Vehicles Act, 1939, seeking compensation fo...

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Supreme Court Allows Appeal of Complainant in Life Insurance Claim Repudiation Case — Insurer Failed to Prove Suppression of Material Facts. Non-disclosure of existing policies not established by documentary evidence; burden of proof under Section 45 Insurance Act, 1938 not discharged.

The present civil appeal arises from the repudiation of life insurance claims by Future Generali India Life Insurance Company Limited. The appellant, ...

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Bombay High Court Dismisses Insurance Company's Appeal in Single-Vehicle Accident Case. Legal Heirs of Driver-Brother Entitled to Compensation Under Comprehensive Policy Under Motor Vehicles Act, 1988.

The case involves an appeal by United India Assurance Company Ltd. against an award of compensation to the legal heirs of Bhaskar Patki, who died in a...

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High Court of Judicature at Bombay Adjudicates Company Petition for Winding Up Over Unpaid Derivative Transaction Debts. The Petitioner Bank Claimed Rs.8.74 Crores from the Respondent Company Following Defaults on Forex Options Margin Calls Under ISDA Master Agreement.

The litigation stems from a company petition filed by HDFC Bank Ltd. under the provisions of the Companies Act, 1956 seeking winding up of Rohan Dyes ...