SC refuses to extend Sept 1 deadline on third party insurance cover for vehicles
From tomorrow, it would become mandatory for new cars and two-wheelers to have third-party insurance cover of three and five years respectively, with the Supreme Court today refusing to extend the September 1 deadline. A bench of Justices Madan B Lokur and S Abdul Nazeer dismissed an application filed by General Insurance Council (GIC), constituted under provision of the Insurance Act 1938 by Insurance Regulatory and Development Authority (IRDA), seeking extension of the deadline fixed by the top court.The apex court had on July 20 this year said that third-party…
Read More