Third Party Insurance deemed to be transferred along with effective control over vehicle in a Hire Agreement
Last updated: 19 April 2022
Court :
Allahabad High Court
Brief :
When a transport corporation hires a motor vehicle for use from its registered owner, the third-party insurance coverage will also be deemed to be transferred along with the vehicle, reiterated the Supreme Court in a recent decision. The person who is having effective control and command of the vehicle will be regarded as the 'owner'. Therefore, along with the vehicle it must be deemed that the existing insurance policy also remains transferred for the period of hire as agreed.
Citation :
CIVIL APPEAL NOS. 18490-18491 OF 2017
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FCS Deepak Pratap Singh
Published in Corporate Law
Views : 356
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