Motor Vehicles Act, 1988–Sec. 147–Liability of Insurance Company–Agreement of contract between the appellant-Corporation and original owner of the vehicle–Vehicle was got insured by the owner, and a driver was also provided by him for plying it–However, vehicle and driver both were under the control of appellant for a specific period of agreement–Held, appellant became the owner of the vehicle in view of provisions of Act of 1988–Held, Insurance Company connot escape from the liability of paying compensation–Instant case was neither of any breach of terms of conditions of policy nor
that the driver was not having a valid licence–As per the agreement between the original owner and the appellant-Corporation, it would be deemed that the vehicle was transferred with the existence of insurance policy–Held, impugned order of High Court set aside and Insurance Company is held liable for paying compensation.
