Supreme Court of India

Central Bank of India v. Jagbir Singh

Neutral citation
Bench Dipak Misra and Prafulla C. Pant JJ.
Decided 16 April 2015

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

From the headnote

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 - Said vehicle involved in the accident - Award 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 insurance policy…

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