Supreme Court · 2015 INSC 331 · Decided 16 April 2015
Central Bank of India v. Jagbir Singh
- Court
- Supreme Court of India
- Citation
- 2015 INSC 331 · [2015] 3 S.C.R. 930
- Case number
- CIVIL APPEAL No. 3645/2015
- Decided
- 16 April 2015
- Bench
- DIPAK MISRA, PRAFULLA C. PANT (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Motor Vehicles Act Section 146; Consumer Protection Act Section 14(1)(d)
Headnote
C Consumer Protection Act, 1986 - s.14(1)(d) - Motor accident - Compensation - Liability - Vehicle purchased · with loan sanctioned by the Bank to the owner of the vehicle - Initially vehicle insured, however; on the date of accident vehicle not insured with any of the insurance 0 company - of compensation against the owner of the vehicle - Liability of the financer-creditor bank - Held: Liability of the creditor bank, to get the vehicle insured is only till the vehicle comes out on the road - Creditor bank is not liable to get the E insurance policy renewed on behalf of the owner
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