insurer will provide a co-insurer with a defence to a like claim against
it. In other words, two or more insurers must have insured ... subject-matter insured that interest. It is more likely, however,
that different assureds will have different interests in the insured subject-matter,
and there
question was sold to Sh. Viram Pal, therefore, there
was no insurable interest in favour of the complainant, narrating all the
facts, the claim ... date of
incident by the registered owner. There was no insurable interest of the
claimant in the vehicle in question on the alleged date
ground that complainant No.1 was not having any
insurable interest in the vehicle on the date of accident i.e.
02.10.2018. Being aggrieved ... reply that complainant
No.1 was not having any insurable interest in the vehicle and had no
right to claim any amount from OP with
Consignee Sales Agent was required to insure the goods. The Complainant, therefore, had an insurable interest in the goods.
9. Heard the Learned Counsel ... interest of ownership, and that a person is interested in the preservation of a thing and such interest can be insured. Learned Counsel further submitted
plaintiff (Chiranje Lal) is not
maintainable since he did not have insurable interest in the
Chiranje Lal vs IFFCO Tokio General Insurance Co. Ltd. Page ... vehicle to third party
and the plaintiff does not have any insurable interest in the
insured vehicle and plaintiff has violated the terms and
conditions
said
demand, the respondent filed ESI Application No.53 of
1991 before the ESI Court. The ESI Court rejected the
said application by order dated ... interest and/or reduce
the interest and/or the period during which the interest
is payable.
From the order passed by the ESI Court
other hand the
plaintiff no.1 had no insurable interest as he had sold his vehicle to the
plaintiff no.2 in the month ... earlier
policy was in continuance. Accordingly, it can be said insurable interest
for the said vehicle was in continuance. Thus, there is a privity
rights to avoid. The Institute Cargo Clause (Air)
provides in its Insurable Interest Clause 8 (page-568) as "8.1 In order to
recover under ... this insurance the Assured must have an insurable
interest in the subject-matter insured at the time of the loss. 8.2 Subject
to 8.1 above
account of personal fault of the insured,
penalty can be imposed on the insured/employer, but not on
insurer.
26. For such proposition, the learned ... good not only the principal amounts of compensation
payable by insured employers but also interest thereon, if
ordered by the Commissioner to be paid
between plaintiff and defendant No.1 and also there was no insurable
interest of the plaintiff under the Policy and thus, the plaintiff ... defendant
No.3 in the application that there was no insurable interest in favour of the
plaintiff is totally absurd and illogical. Further, even though
