ILC-2004-SC-MAC-Jan-7
National Insurance Co. Ltd. Vs. Keshav Bahadur
Motor Vehicles Act,1988 - Section 171 , The Code of Civil Procedure, 1908 - Section 34
Motor Vehicles Act, 1939 - Sections 110CC - Civil Procedure Code, 1908 - Section 34 - Interest - Rate of interest to be awarded by the Tribunal - Discretion of the Tribunal - The discretion has to be exercised judiciously not arbitrarily.
Motor Vehicles Act,1988 - Motor Accident Claim
Motor Vehicles Act, 1939 - Sections 95(2) and 110CC - Limited liability of insurance company - Even if a vehicle was comprehensively insured and a higher premium was paid on that score, limits of the liability with regard to third party risk does not become unlimited or higher beyond the statutory liability fixed.
Topic(s)-Limited liability of insurance company , Discretion of the Tribunal