NATIONAL INSURANCE CO. LTD. vs V. CHINNAMMA .

The Supreme Court held that under Section 147(1) of the Motor Vehicles Act, 1988, the insurance company is liable to compensate the heirs of the deceased who was traveling in a tractor carrying his own goods, despite the insurance policy being a third-party policy. The Court distinguished the case from New India Assurance Co. Ltd. Vs. Asha Rani, emphasizing that the deceased was not merely a passenger but the owner of the goods, thus entitled to compensation. The appeal by the insurance company was dismissed, affirming the High Court's decision to award Rs. 1,53,000/- as compensation.