M/S BALWANT SINGH AND SONS vs NATIONAL INSURANCE COMPANY LTD

The Supreme Court ruled on the liability of an insurance company regarding a vehicle theft claim. The court upheld the decisions of the lower consumer forums, concluding that the insurer was not liable for the claim as the vehicle was purchased under a hire purchase agreement and the appellant did not have insurable interest at the time of the theft. The appeal was dismissed, affirming the lower courts' findings on the matter.