MANAGING DIRECTOR, K.S.R.T.C. vs NEW INDIA ASSURANCE CO.LTD .

The Supreme Court addressed the liability for compensation in cases involving lease agreements under the Motor Vehicles Act, 1988, specifically Section 2(30). The Court held that the registered owner and the insurer are jointly and severally liable to compensate the claimants, while KSRTC, despite operating the vehicle, cannot be held liable due to the lease agreement. The judgment of the High Court was reversed, affirming the liability of the owner and insurer to indemnify the claimants.