National Insurance Company Ltd. VS. Seema Malhotra And Ors.

Extract

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National Insurance Company Ltd. VS. Seema Malhotra And Ors.

CASE NO.: Appeal (civil) 1350 of 2001

PETITIONER: NATIONAL INSURANCE COMPANY LTD.

Vs.

RESPONDENT: SEEMA MALHOTRA AND ORS.

DATE OF JUDGMENT: 20/02/2001

BENCH: K.T. Thomas & R.P. Sethi.

JUDGMENT: L...I...T.......T.......T.......T.......T.......T.......T..JJ U D G M E N T

THOMAS, J.

Leave granted.

Under a contract of insurance the insured gave a cheque to the insurer towards the first premium amount, but the cheque was dishonoured by the drawee bank due to insufficiency of funds in the account of the drawer. Is the insurer liable in such a situation to honour the contract of insurance? There is no dispute that the insurer is liable as against third parties because it is covered by the statutory pro...

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