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2014 (1) TMI 1853 - HC - Indian LawsLiability to pay the compensation - vehicle was insured by the owner with this Insurance Company - Held that:- The dealer is expected to take Trade Certificate and purchase policy in respect of the period when the vehicle remains in his custody before giving delivery to purchaser. The aforesaid provisions lead to the inference that Insurance Company cannot deny the liability on the ground that Insurance Policy was purchased on the basis of Trade Certificate but the vehicle was bearing Temporary Registration Number on the date of accident; provided that the vehicle was still in the possession of dealer at the relevant time, it was not yet delivered to the purchaser and the period of both Trade Certificate and the Insurance Policy had not expired. In such a case, it is not open to Insurance Company to deny the liability on the ground that the vehicle was given temporary registration number and the policy covered Trade Certificate. In the present case, the transfer of vehicle was not completed and MPT had not become the owner. Appeal dismissed.
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