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Supreme Court Suggests, Better That State Transport Corporations Avail Third-Party Insurance
The Daily Guardian
|October 04, 2024
The Supreme Court in the case Bajaj Allianz General Insurance Company Private Ltd.v. Union of India, UOI & Ors observed and has suggested to the State Governments that the State Public Transport Corporations avail third-party insurance coverage in order to ensure that victims of the accidents caused by the State buses get timely compensation as per the Motor Vehicles Act, MV Act.
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The bench comprising of Justice M.M. Sundresh and Justice Aravind Kumar was hearing the present matter.
In the present case, the court was hearing the writ petition filed wherein various issues are raised with regards to motor vehicle claims.
One of the issue raised before the court is that the State Corporation vehicles do not have insurance and as a result of which, they are unable to pay timely compensation in motor vehicle cases.
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