Supreme Court holds Finance Company Liable for Delay in Insurance Policy Issuance: Ashatai vs. Shriram City Union Finance Ltd. (2019)

/ Consumer Complaint, Consumer Law, Deficiency of Service, Indu Malhotra, Insurance Act, 1938, Insurance Act, 1938 with Section 64VB, Judges, Uday Umesh Lalit

Supreme Court Holds Finance Company Liable for Delay in Insurance Policy Issuance: Ashatai vs. Shriram City Union Finance Ltd. (2019) LEGAL ISSUE: Whether a finance company is liable for deficiency of service for delaying the issuance of an insurance policy linked to a loan, resulting in non-payment of the loan amount upon the borrower’s death. […]

Supreme Court holds Finance Company Liable for Delay in Insurance Policy Issuance: Ashatai vs. Shriram City Union Finance Ltd. (2019) Read Post »