Bus given on hire to Public Transport – Insurer’s liability -- Policy of insurance is contractual obligation between the insured and the insurer -- It has not been shown that owner could not have given bus on hire as per any provision of policy – In the absence of any stipulation prohibiting such an arrangement in the insurance policy, in view of agreement of lease, the Registered owner and insurer cannot also escape from the liability -- More so, in view of the provisions of Section 157 of the Act of 1988, the insurer cannot escape the liability.
(SC) Decided on: 27.10.2015