Central Bank of India Vs. Jagbir Singh
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Head Note
The Consumer Protection Act,1986 - Section 2 (1) , Section 14 (1)
Motor Vehicles Act, 1988, Section 146, 196 - Financed Vehicle - Insurance of Vehicle - Liability of Creditor Bank - Held that the liability of such bank to get the vehicle insured is only till the vehicle comes out on the road - Initially the financed tractor was go insured but subsequently it was no got insured by respondent and the same met with an accident and MACT awarded compensation against respondent - Creditor bank is not liable to get renewed the insurance policy on behalf of the owner of the vehicle from time to time - Order passed by the authorities under Act, 1986 holding the appellant-creditor Bank to pay compensation arising out accident liable to be set aside.
The Limitation Act, 1963 - Section 5
Revision - Limitation - Condonation of Delay - Delay of 230 days in filing revision by appellant-Bank - NCDRC has not considered properly the well explained delay in filing the revision petition before it - Time taken by the appellant bank in seeking permission to file the revision petition, as the matter had to be processed at various levels, cannot be said to have been not sufficiently explained for the purpose of condonation of delay - Impugned order dismissing the revision petition on the ground of bar of limitation held not sustainable.
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