Supreme Court · 2001 INSC 97 · Decided 20 February 2001
National Insurance CO. LTD. v. Seema Malhotra and Others
- Court
- Supreme Court of India
- Citation
- 2001 INSC 97 · [2001] 1 S.C.R. 1131
- Case number
- CIVIL APPEAL No. 1350/2001
- Decided
- 20 February 2001
- Bench
- K.T. THOMAS, R.P. SETHI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Contract Act Section 51, 52, 25; Motor Vehicles Act Section 149
Headnote
B Insurance Act, 1938-Section 64-VB (!)and (2) Contract of Insurance- Cheque towards payment of Pre1i1ium dishonoured-Liability of insurer to honour the contract-held, not liable to honour the contract, since contract of insurance consists of reciprocal promise, insurer need not pe1for111 his part into an insurance contract on 21<12.1993. On the same day 'Y' paid the cheque towards first premium and the insurance company/appellant issued the cover note. 'Y' died on 31.12.1993. The appellant/ D insurance company vide letter dated 20.01.1994 cancelled the insurance policy in view that the
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)