Supreme Court of India

CIVIL APPEAL NOS.10608-10609 OF 2014 Judgment Date: Dec 01, 2014

                        IN THE SUPREME COURT OF INDIA

                        CIVIL APPELLATE JURISDICTION

                    CIVIL APPEAL NOS.10608-10609 OF 2014
          [Arising out of S.L.P. (Civil) Nos. 19079-19080 of 2014]

HDFC Bank Ltd.                                     ... Appellant

                                   Versus

Kumari Reshma and Ors.                            ... Respondents

                               J U D G M E N T

Dipak Misra, J.

Leave granted in both the Special Leave Petitions.
In these appeals, by special leave, the assail is to the judgment and  order
dated 22.10.2013 passed by the learned Single Judge of  the  High  Court  of
judicature of Madhya Pradesh Bench at Indore in Misc.  Appeal  No.  2261  of
2005 preferred by the Centurion Bank  Limited,  the  predecessor-in-interest
of the appellant herein, and Misc. Appeal No. 3243 of 2005 preferred by  the
claimants, the 1st  respondent herein, whereby the High Court has  dismissed
the appeal preferred by the appellant herein and allowed the appeal  of  the
claimants by enhancing the awarded sum to Rs. 3 lacs opining that  the  said
amount would be just and equitable compensation for the  injuries  sustained
by her.  The High Court also dismissed  the  review  petition  no.  619/2013
vide order dated 13.05.2014  preferred  by  the  appellant  herein.   Be  it
stated, the Additional Member, Motor Accident Claims  Tribunal,  Indore  had
awarded Rs.1,75,000/- in Claim Case No.181/2003.
Filtering the unnecessary details, the  facts  which  are  requisite  to  be
stated are that on 20.12.2002 about 12.30 p.m. the claimant was going  on  a
scooter bearing registration No. MP09Q92 from  Shastri  Bridge  to  Yashwant
Square and at that time the Motor Cycle  belonging  to  2nd  respondent  and
driven by the respondent No.3 herein, in a rash and negligent manner  dashed
against the scooter as a consequence of which she sustained  a  fracture  in
the right  hand  superacondylar  fracture  and  humerus  bone  fracture  and
certain other injuries.  She availed treatment at various hospitals  as  she
had to undergo an operation and thereafter  advised  to  take  physiotherapy
regularly.  Keeping in view, the injuries suffered and the  amount  she  had
spent in availing the treatment, she filed a claim  petition  putting  forth
the claim for Rs.4,50,000/-.  The tribunal as stated earlier awarded  a  sum
of Rs.1,75,000/- with 6% interest and opined that all the non-applicants  to
the  claim  petition  were  jointly  and  severally  liable   to   pay   the
compensation amount.   It is apt to state here  the  stand  and  stance  put
forth by the predecessor-in-interest the appellant bank  that  it  had  only
advanced a loan and the hypothecation agreement was  executed  on  1.11.2002
by it.   As per the terms of the agreement, the owner  of  the  vehicle  was
responsible to insure the vehicle at his own costs.  Reliance was placed  on
Clause 16 and 17 of the loan agreement which stipulated that  the  bank  was
required to get the vehicle insured if the borrower failed to  or  neglected
to get the vehicle insured.  The   accident  as  stated  earlier  had  taken
place on 20.12.2002 and the vehicle was insured by the owner  on  16.1.2003.
It was further put forth by the bank that  the  owner  deposited  Rs.6,444/-
with the dealer of the motor cycle i.e. Patwa Abhikaran Pvt.  Ltd.,  whereas
it was required to pay  Rs.9,444/-.   Despite  the  same,  he  obtained  the
possession of the vehicle on the same day itself which was not  permissible.

It was urged before the tribunal the financer was  not  liable  to  pay  the
compensation and it was  the  exclusive  liability  of  the  borrower.   The
tribunal on scrutiny of the clauses opined that as the financer had  a  duty
to see that borrower does not neglect to get the  vehicle  insured,  it  was
also liable along with the owner  and  accordingly  fastened  the  liability
both jointly and severally.
In appeal, it was contended that the financer could not have  been  fastened
with the liability to pay the compensation.  The High Court referred to  the
definition clause in Section 2 (30) of the Motor  Vehicles  Act,  1988  (for
brevity "the Act"), took note of the language employed in Clause 16  of  the
agreement that if the owner neglects to get the  vehicle  insured  the  bank
was required to get it insured, and the  fact  that  the  financer  and  the
borrower were the registered owners and, accordingly opined  that  the  bank
was liable to pay.  Being of this  view  the  learned  Judge  dismissed  the
appeal preferred by the bank and partly allowed the appeal preferred by  the
claimants.  Be it stated, the application for review filed by the  Bank  did
not meet with success.
We have  heard  Mr.  Gopal  Subramaniam,  learned  senior  counsel  for  the
appellant.  None has appeared on behalf of  respondent  despite  service  of
notice.
 We are obliged to mention here that while issuing notice  we  had  directed
that the appellant-bank shall deposit the awarded sum  before  the  tribunal
which would be at liberty to disburse the same in favour  of  the  claimant.
Mr.  Subramaniam  submitted  that  the  bank  does  not  intend  to  recover
anything from the claimant but the legal position should be  made  clear  so
that the bank, which is the financer,  is  not  unnecessarily  dragged  into
this kind of litigation.
Criticising the impugned award and  the  order  passed  in  appeal,  learned
senior counsel has submitted that the definition of  'owner'  under  Section
2(30) of the Act  would  not  cover  a  financer  who  has  entered  into  a
hypothecation agreement with the borrower who is in possession  and  control
of the vehicle.  Learned senior counsel would contend that  Clauses  16  and
17 of the agreement have nothing to do with the  financer's  liability,  for
Section 146 of the Act requires the owner to insure the  vehicle  before  it
plies on the road and  in  the  case  at  hand  the  borrower,  who  was  in
possession and control of the vehicle in question, in a  clandestine  manner
without paying the insured amount and getting the vehicle insured had  taken
the vehicle the same day from the dealer and got it insured afterwards.   It
is urged by him that the role of the  bank  would  come  in  when  there  is
failure to insure the vehicle and, in any  case,  that  will  not  fasten  a
statutory liability on the financer to pay the  compensation  to  the  third
party, for the vehicle is  not  on  the  road  by  the  financer  or  at  is
instance.    Elaborating further, it is submitted by him that if  the  owner
does not pay, the bank will pay the insurance company and  recover  it  from
the borrower and hence, it would be inapposite to interpret the contract  in
a different way to fasten the liability on the financer.   It  is  canvassed
by him that there is no stipulation  in  the  agreement  that  the  financer
would indemnify the borrower against the third party  in  the  event  of  an
accident and in the absence of such a postulate  the  interpretation  placed
by the High Court is absolutely erroneous.
To appreciate the said submission,   it is appropriate to refer  to  Section
2 (30) of the Act which reads as follows:-
"(30). "owner"  means  a  person  in  whose  name  a  motor  vehicle  stands
registered, and where such person is a minor, the guardian  of  such  minor,
and in relation to a motor vehicle which is the subject of  a  hire-purchase
agreement, or an agreement of lease or an agreement  of  hypothecation,  the
person in possession of the vehicle under that agreement."

On a plain reading of the aforesaid definition, it is  demonstrable  that  a
person in whose name a motor vehicle stands registered is the owner  of  the
vehicle and, where motor vehicle is the subject of  hire-purchase  agreement
or an agreement of hypothecation, the person in possession  of  the  vehicle
under that agreement is the owner.  It also stipulates that  in  case  of  a
minor, the guardian of such a minor shall be treated as the  owner.    Thus,
the intention of the legislature in case of a minor  is  mandated  to  treat
the guardian of such a minor as the 'owner'.  This is  the  first  exception
to the definition of the term 'owner'.  The second exception that  has  been
carved out is that in relation to a motor vehicle, which is the  subject  of
hire-purchase agreement  or  an  agreement  of  lease  or  an  agreement  of
hypothecation, the person in possession of vehicle under that  agreement  is
the owner.  Be it noted, the legislature has deliberately carved  out  these
exceptions from registered owners thereby making the  guardian  of  a  minor
liable, and the person in possession of the  vehicle  under  the  agreements
mentioned in the dictionary clause to be the  owners  for  the  purposes  of
this Act.
As we find from the judgment of the High Court, it has  placed  reliance  on
Mohan Benefit Pvt. Ltd. V. Kachraji Rayamalji & Ors.[1].  In the said  case,
the 2nd  respondent was the registered owner of the truck and the  appellant
was the "legal owner of the vehicle as per  hire-purchase  agreement".   The
claim petition stated that at the time of the accident, the  1st  respondent
was driving the truck owned by the 2nd  respondent  and  the  appellant  and
they had become liable, jointly and severally, to pay the  damages  claimed.
The tribunal, on the basis of  the  evidence  led  before  it  came  to  the
conclusion that hire-purchase agreement was not the only  document  executed
between the appellant and the second respondent.   It  had  awarded  damages
against the appellant and the second respondent.  The award  passed  by  the
tribunal was  affirmed  by  the  High  Court  holding  that  real  documents
executed between the parties at the time of the alleged loan had  been  kept
back from the Court  with  ulterior  motives  and  in  that  situation,  all
possible adverse inference should be drawn against  the  appellant  therein;
and that the hire purchase agreement that was produced  could  not  be  made
the basis for deciding the relationship between the parties nor could it  be
pressed  into  service  for  proving  that  the  transaction  was  only   of
hypothecation in the garb of hire purchase agreement.   Affirming  the  view
expressed by the High Court, this Court held
"Having heard the counsel and read the evidence  adduced  in  the  case,  we
have no doubt that the hire-purchase agreement  produced  by  the  appellant
does not spell the true relationship between the appellant  and  the  second
respondent.  The  High  Court,  therefore,  was  right  in  coming  to   the
conclusion that, had the documents which  reflected  the  true  relationship
between them been produced, they would  have  "exploded"  the  case  of  the
appellant. Consequently, the adverse inference drawn by the High  Court  was
justified".

After so holding, the Court repelled the submission of the counsel  for  the
appellant that there was no evidence to show the appellant had any right  to
control  the  driver  of  the  truck.   The  Court  opined   that   in   the
circumstances of the case, the logical  inference  must  be  that,  had  the
documents that set out the true relationship between the appellant  and  the
second respondent been produced, they would have shown  that  the  appellant
had a right to exercise control in the matter of the  plying  of  the  truck
and the driver thereof.
In this context, we may refer to a two-Judge  Bench  decision  in  Rajasthan
State Road Transport Corporation V. Kailash Nath Kothari  &  Others.[2]   In
the said case,  plea  was  taken  by  the  Rajasthan  State  Road  Transport
Corporation (RSRTC) before the High Court that as it was only  a  hirer  and
not the owner of the bus, it could not be fastened with  any  liability  for
payment of compensation but  the  said  stand  was  not  accepted.   It  was
contended before this Court that the Corporation not being the owner of  the
bus was not liable to pay any  compensation  arising  out  of  the  accident
because driver who was driving the bus at the relevant time, was not in  the
employment of the owner of the bus and not of the Corporation and hence,  it
could not be held vicariously liable for the rash and negligent act  of  the
driver.  The Court  referred  to  the  definition  in  Section  2(3),  which
defines "contract carriage",  Section  2(19),  which  defines  the  "owner",
Section 2(29), which defines "stage carriage"  and  Section  42  that  dealt
with "necessity of permits".  Be it stated, these provisions  reproduced  by
the Court pertained to Motor  Vehicles  Act,  1939  (for  short,  'the  1939
Act').  The owner under the 1939 Act was defined as follows:
 "2. (19) 'owner' means, where the person in possession of a  motor  vehicle
is a minor, the guardian of such minor, and in relation to a  motor  vehicle
which is the subject of a hire-purchase agreement, the person in  possession
of the vehicle under that agreement;"

      The Court referred to the conditions 4 to 7 and 15  of  the  agreement
and in that context held thus:
"The admitted facts unmistakably show that the vehicle in  question  was  in
possession and under the actual control of RSRTC for the purpose of  running
on the specified route and was being used for carrying, on hire,  passengers
by the  RSRTC.  The  driver  was  to  carry  out  instructions,  orders  and
directions of the conductor and other officers of the  RSRTC  for  operation
of the bus on the route specified by the RSRTC".

      While dealing with the definition of the owner  under  the  1939  Act,
the Court ruled that the definition of owner under Section 2(19) of the  Act
is not exhaustive. It has, therefore to be construed, in a wider  sense,  in
the facts and circumstances of a given  case.   The  expression  owner  must
include, in a given case, the person  who  has  the  actual  possession  and
control of the vehicle and under whose directions and  commands  the  driver
is obliged to operate the bus. To confine the  meaning  of  "owner"  to  the
registered owner only would in a case where the vehicle  is  in  the  actual
possession and control of the hirer would not be proper for the  purpose  of
fastening of liability in case of an accident. The liability of the  "owner"
is vicarious for the tort committed by its employee  during  the  course  of
his employment and it [pic]would be a question of fact in each  case  as  to
on whom can vicarious liability be fastened in the case of an accident.
After so stating, the Court proceeded  to  analyse  the  conditions  of  the
agreement, especially conditions 6 and 7 which in that case showed that  the
owner had  not  merely  transferred  the  services  of  the  driver  to  the
Corporation but  actual  control  and  the  driver  was  to  act  under  the
instructions, control and command of the conductor  and  other  officers  of
RSRTC.  Being of this view, it affirmed  the  view  expressed  by  the  High
Court and dismissed the appeal.
In this context, it is profitable to refer to a two-Judge Bench decision  in
National Insurance Co. Ltd. V. Deepa Devi & Ors.[3]  In the  said  case  the
question arose whether in the event a car is requisitioned for  the  purpose
of deploying the same in the election duty, who would be liable for  payment
of compensation to the victim of the accident in terms of the provisions  of
1988 Act.  The Court referred to the definition of 'owner' in the  1939  Act
and the definition of 'owner' under Section 2(30) of the 1988 Act.  In  that
context, the Court observed that the legislature either under the  1939  Act
or under the 1988 Act had visualized a situation of this nature.  The  Court
took note of the fact that the respondent no. 3 and 4 continued  to  be  the
registered owners of  the  vehicle  despite  the  fact  that  the  same  was
requisitioned by the District Collector in exercise of the  power  conferred
upon him under the Representation of People Act, 1951 and the owner  of  the
vehicle cannot refuse to abide by the order of requisition  of  the  vehicle
by the District Collector.  Proceeding further, the Court ruled thus:
"...... While the vehicle remains under  requisition,  the  owner  does  not
exercise any control thereover. The driver may still be the employee of  the
owner of the vehicle but he has to drive it as  per  the  direction  of  the
officer of the State, who is put in charge  thereof.  Save  and  except  for
legal ownership, for all intent and purport, the  registered  owner  of  the
vehicle loses entire control thereover. He has no  say  as  to  whether  the
vehicle should be driven at a given point of time or not. He cannot ask  the
driver not to drive a vehicle on a bad road. He  or  the  driver  could  not
possibly say that the vehicle would not be driven in the night. The  purpose
of requisition is to use the vehicle. For the  period  the  vehicle  remains
under the control of the State  and/or  its  officers,  the  owner  is  only
entitled to payment of compensation therefor in terms  of  the  Act  but  he
cannot not (sic) exercise any control thereupon.  In  a  situation  of  this
nature, this Court must proceed on the  presumption  that  Parliament  while
enacting the 1988 Act did not envisage such  a  situation.  If  in  a  given
situation, the statutory definitions contained in the  1988  Act  cannot  be
given effect to in letter and spirit, the same  should  be  understood  from
the common sense point of view.

Elaborating the concept, the Court referred to Mukesh K. Tripathi V.  Senior
Divisional Manager LIC[4], Ramesh Mehta V. Sanwal  Chand  Singhvi[5],  State
of Maharashtra V. Indian Medical Assn.[6], Pandey & Co. Builders  (P)  Ltd.,
V. State of Bihar[7] and placed reliance on Kailash  Nath  Kothari  (supra),
National Insurance Co. Ltd. V. Durdadahya Kumar Samal[8] and Chief  Officer,
Bhavnagar Municipality V. Bachubhai Arjanbhai[9] and eventually  opined  the
State shall be liable to pay the amount of compensation to the claimant  and
not the registered owner of  the  vehicle  and  consequently  the  appellant
therein, the insurance company.
In Godavari Finance Company V. Degala Satyanarayanamma and  others[10],  the
core question  that arose for consideration whether a financier would be  an
owner of the vehicle within the meaning of Section 2(30) of  the  1988  Act.
It was contended before this Court that in terms of Section 168 of the  Act,
a financier cannot be held liable to pay compensation as the  definition  of
'owner' as contained in Section 2(30) of the 1988  Act  would  mean  only  a
'registered owner'; that it was not the  case  of  the  claimants  that  the
appellant therein was in possession or control over the vehicle at the  time
of accident and the findings recorded by the trial Court and the High  Court
that the  appellant  as  a  registered  owner  was  liable  for  payment  of
compensation, was wholly unsustainable.  The Court took  note  of  the  fact
that the appellant was a financier; that the vehicle was the subject  matter
of hire-purchase agreement; and that the appellant's name was  mentioned  in
the registered book.  Dealing with the  definition  of  'owner',  the  Court
opined that the definition  of  "owner"  is  a  comprehensive  one  and  the
dictionary clause itself states that  the  vehicle  which  is  the  subject-
matter of a hire-purchase agreement, the person  in  possession  of  vehicle
under that agreement shall be the owner; and that the name  of  financer  in
the registration certificate would not be decisive for determination  as  to
who was the owner of the vehicle. The Court further opined  that  ordinarily
the person in whose name  the  registration  certificate  stands  should  be
presumed to be the owner but such a presumption can be  drawn  only  in  the
absence of any other material  brought  on  record  or  unless  the  context
otherwise requires.  The Court opined that in case of a motor vehicle  which
is subjected to a hire-purchase agreement, the  financer  cannot  ordinarily
be treated to be the owner. The person who is in possession of the  vehicle,
and not the financer being the owner would be liable to pay damages for  the
motor accident.  In that context the Court observed that ordinarily  if  the
driver of the vehicle uses the same, he remains  in  possession  or  control
thereof.  Owner of the vehicle, although may not have anything  to  do  with
the use of vehicle at the time of the accident, actually he may be  held  to
be constructively liable as the employer of the driver. What is,  therefore,
essential for passing an award  is  to  find  out  the  liabilities  of  the
persons who are involved in the use of the vehicle or the  persons  who  are
vicariously liable. The insurance company becomes a necessary party to  such
claims as in the event the owner of the vehicle is found to  be  liable,  it
would have to reimburse the owner inasmuch  as  a  vehicle  is  compulsorily
insurable so far as a  third  party  is  concerned,  as  contemplated  under
Section 147 thereof.  Thereafter, the Court relied  upon  the  decisions  in
Kailash Nath Kothari (supra) and Deepa Devi (supra) and came  to  hold  that
the appellant was not liable to pay any compensation to the claimants.
In Pushpa alias Leela and others V. Shakuntala and others[11], the  question
arose whether in the obtaining factual matrix therein the liability  to  pay
the compensation amount as determined by the tribunal was of  the  purchaser
of the vehicle alone or whether the liability of the recorded owner  of  the
vehicle was co-extensive and from the recorded owner it  would  pass  on  to
the insurer of the vehicle.  The registered owner of  the  vehicle  was  one
Jitender Gupta who had sold the truck to one Salig Ram and handed  over  the
possession to the transferee and on the date of  the  sale,  the  truck  was
covered by the insurance policy taken  by  Jitender  Gupta.   There  was  no
dispute that the policy stood in the name of Jitender Gupta on the  date  of
the accident who was no longer the owner of the truck as he had  transferred
the vehicle to Salig Ram.  The Tribunal had come  to  hold  that  Salig  Ram
alone  was  liable  for  payment  of  compensation.   On  an  appeal   being
preferred, the High Court dismissed the  appeals  of  the  claimants.   This
Court referred to the definition of the 'owner' under Section 2(30)  of  the
1988 Act that defines the owner and Section 50 of the 1988  Act  that  deals
with transfer of ownership.  That apart, the Court also  took  note  of  the
fact that notwithstanding the sale of the vehicle,  neither  the  transferor
Jitender Gupta nor the transferee Salig Ram took steps to  change  the  name
of the owner in the certificate of registration of the vehicle.   The  Court
treated Jitender Gupta to be deemed to continue as the owner of the  vehicle
for the purposes of the 1988 Act even though under  the  civil  law  he  had
ceased to be its owner after its sale.  While  dealing  with  the  facet  of
liability, the Court referred to the authority in T.V. Jose (Dr.) V.  Chacko
P.M.[12] wherein it has been held thus:
"There can be transfer of title by payment of consideration and delivery  of
the car. The evidence on record shows that ownership of  the  car  had  been
transferred. However, the appellant still  continued  to  remain  liable  to
third parties as his name continued in the records of RTO as the owner."

      Thereafter, the Court held thus:
"The decision in T.V. Jose (Dr.) was rendered under the Motor Vehicles  Act,
1939. But having regard to the provisions of Section 2(30)  and  Section  50
of the Act, as noted above, the ratio  of  the  decision  shall  apply  with
equal force to the facts of the case arising under  the  1988  Act.  On  the
basis of these  decisions,  the  inescapable  conclusion  is  that  Jitender
Gupta, whose name continued in the records of the registering  authority  as
the owner of the truck was equally liable for payment  of  the  compensation
amount. Further, since an insurance policy  in  respect  of  the  truck  was
taken out in his name he was indemnified and the claim will  be  shifted  to
the insurer, Oriental Insurance Company Ltd."

      Be it noted, in the said case, the decision  rendered  in  Deepa  Devi
(supra) on the ground that it was rendered on  the  special  facts  of  that
case and has no application to the facts of the  case  in  hand.   Being  of
this view, it fastened the liability on the insurer.
In this context, another decision is apposite  to  be  taken  note  of.   In
Uttar Pradesh State Road Transport Coporation V. Kulsum and others[13],  the
question arose if an  insured  vehicle  is  plying  under  an  agreement  or
contract with the Corporation, on the route as per permit granted in  favour
of the Corporation, in case of an accident, whether  the  Insurance  Company
would be liable to pay the compensation or would it  be  the  responsibility
of the Corporation or the owner.  The Court referred to Section 103  of  the
1988 Act (Uttar Pradesh Amendment Act of 1993) wherein the  Corporation  has
been vested with the right to take vehicles on hire as per the contract  and
to ply the same on the roads as the permit  granted  to  it.   In  the  said
case, according to the terms and conditions of the agreement,  the  mini-bus
was to be plied by the Corporation on the routes as per  the  permit  issued
by the Regional Transport Officer in his favour.  Except  for  the  services
of the driver which were to be provided by the owner, all  other  rights  of
the owner were to be exercised by the Corporation only.  The  conductor  was
to be an employee of the Corporation and he was authorised and  entitled  to
collect the money after issuing tickets to the passengers and had  the  duty
to perform all the incidental and connected activities  as  a  conductor  on
behalf of the Corporation.  When a claim was lodged before the Tribunal,  it
allowed the claim petition placing reliance on Kailash Nath Kothari's  case.
 Being aggrieved, the Corporation preferred appeal and the owner of the  bus
also filed a cross-objection against the finding recorded  by  the  tribunal
holding therein that the insurance  company  was  not  liable  to  make  the
payment and had fastened the liability on the owner on  account  of  alleged
breach of  insurance  policy.   The  Court  analysed  the  definition  under
Section 2(30) of the 1988 Act, Section 103(1-A) which has been  inserted  by
the Uttar Pradesh Amendment Act 5 of 1993, Sections 146 and 149 of the  1988
Acts and thereafter referred  to  the  authority  in  Kailash  Nath  Kothari
(supra) and distinguished the same by holding thus:-
"In our considered opinion,  in  the  light  of  the  drastic  and  distinct
changes incorporated in the definition of "owner" in the  old  Act  and  the
present Act, Kailash Nath case has no  application  to  the  facts  of  this
case. We were unable to persuade ourselves with the specific question  which
arose in this and connected appeals  as  the  question  projected  in  these
appeals was neither directly nor substantially  in  issue  in  Kailash  Nath
case. Thus,  reference  to  the  same  may  not  be  of  much  help  to  us.
Admittedly, in the said case, this Court was dealing with regard to  earlier
definition of "owner" as found in Section 2(19) of the old Act.
                    xxx         xxx        xxx        xxx
A critical examination of both the definitions of  the  "owner"  would  show
that it underwent a drastic change in the Act of  1988,  already  reproduced
hereinabove. In our  considered  opinion,  in  the  light  of  the  distinct
changes incorporated in the definition of "owner" in the  old  Act  and  the
present Act, Kailash Nath Kothari case shall  have  no  application  to  the
facts of this case".

Thereafter, the Court referred to the relevant clauses in the agreement  and
opined that:
"A critical examination thereof would show that the appellant and the  owner
had specifically agreed that the vehicle will be insured and a driver  would
be provided by owner of the vehicle but overall control,  not  only  on  the
vehicle but also on the driver, would be that of the Corporation. Thus,  the
vehicle was given on hire by the owner of  the  vehicle  together  with  its
existing and running insurance policy. In view of the  aforesaid  terms  and
[pic]conditions, the Insurance Company cannot escape its  liability  to  pay
the amount of compensation.

There is no denial of  the  fact  by  the  Insurance  Company  that  at  the
relevant point of time the vehicle in question was insured with it  and  the
policy was very much in force and in existence. It is also not the  case  of
the Insurance Company that the driver of  the  vehicle  was  not  holding  a
valid driving licence to drive the vehicle. The Tribunal has also held  that
the driver had a valid driving licence at the time of the accident.  It  has
also not been contended by it that there has been  violation  of  the  terms
and conditions of the policy or that the driver was not  entitled  to  drive
the said vehicle".

After so stating, the Court  took  note  of  the  fact  that  the  insurance
company had admittedly received the amount of the premium;  that  there  was
no difference in the tariff of premium in respect of  the  vehicles  insured
at the instance of the owner or for the  vehicle  which  is  being  attached
with the Corporation; that no statutory duty is cast on the owner under  the
Act or under any rules to seek  permission  from  the  insurer  to  get  the
vehicle attached with the Corporation.   On  the  aforesaid  reasoning,  the
Court held the insurer liable.
Recently in Purnya Kala Devi V. State of Assam  &  Anr.[14],  a  three-Judge
Bench was dealing with the issue when an offending  vehicle  is  that  under
the requisition of the State Government  under  the  Assam  Requisition  and
Control of Vehicles Act, 1968 ('Assam Act', for short) the registered  owner
would be liable or the State Government that has requisitioned the  vehicle.
 The Court referred to the definition of the term  'owner'  under  the  1939
Act as well as the 1988 Act.  As was necessary in the said case,  the  Court
referred  to  the  relevant  provisions  pertaining  to  release  from   the
requisition under the Assam Act.  After analyzing the provisions, the three-
Judge Bench set aside the award passed by the  High  Court  which  had  held
that owner was liable solely on the basis of  the  definition  of  the  word
'owner' contained in Section 2(30) of the 1988 Act.  The  dictum  laid  down
in the said case is as follows:
"The High  Court  failed  to  appreciate  that  at  the  relevant  time  the
offending vehicle  was under the requisition of Respondent  No.  1  -  State
of Assam under the provisions of the Assam Act.  Therefore,  Respondent  No.
1 was squarely  covered under the definition of  "owner"  as  contained   in
Section   2(30)   of  the   1988   Act.    The   High   Court   failed    to
appreciate  the   underlying  legislative  intention  in  including  in  the
definition of "owner" a person  in possession of a vehicle either  under  an
agreement of lease  or   agreement   of  hypothecation  or  under  a   hire-
purchase  agreement   to   the   effect   that   a  person  in  control  and
possession of the vehicle should be  construed   as   the  "owner"  and  not
alone the registered owner.  The High Court  further  failed  to  appreciate
the legislative intention that the registered owner of  the  vehicle  should
not be held liable if the vehicle was not in  his  possession  and  control.
The High Court also failed to appreciate that Section  146  of the 1988  Act
requires that no person shall use or cause or allow  any   other  person  to
use a motor vehicle in a public place without an insurance   policy  meeting
the requirements of Chapter   XI   of   the   1988   Act   and   the   State
Government has violated the statutory  provisions  of   the   1988   Act.  "
(Emphasis supplied)

In the present case, as the facts have been  unfurled,  the  appellant  bank
had financed the owner for  purchase  of  the  vehicle  and  the  owner  had
entered into a hypothecation agreement with the bank.  The borrower had  the
initial obligation to insure the vehicle, but  without  insurance  he  plied
the vehicle on the road and the accident took place.  Had the  vehicle  been
insured, the insurance company would have been liable  and  not  the  owner.
There is no cavil  over  the  fact  that  the  vehicle  was  subject  of  an
agreement of hypothecation and was  in  possession  and  control  under  the
respondent no.2.  The High Court has proceeded both in the main judgment  as
well as in the review that the financier steps into the shoes of the  owner.
 Reliance placed on Kachraji Rayamalji (supra), in our  considered  opinion,
was inappropriate because in the instant case all the documents  were  filed
by the bank.  In the said case, two-Judge Bench of this  Court  had  doubted
the relationship between the appellant and the respondent therein  from  the
hire-purchase agreement.  Be that as it may, the said  case  rested  on  its
own facts.   The  decision  in  Kailash  Nath  Kothari  (supra),  the  Court
fastened  the  liability  on  the  Corporation  regard  being  had  to   the
definition of the 'owner' who was in control and possession of the  vehicle.
 Similar to the effect is  the  judgment  in  Deepa  Devi  (supra).   Be  it
stated, in the said case the Court ruled that the State shall be  liable  to
pay the amount of compensation to the claimant and not the registered  owner
of  the  vehicle  and  the  insurance  company.   In  the  case  of   Degala
Satyanarayanamma (supra), the learned  Judges  distinguished  the  ratio  in
Deepa Devi (supra) on the ground that it hinged on  its  special  facts  and
fastened the liability on the insurer.  In  Kulsum  (supra),  the  principle
stated in Kailash Nath Kothari (supra) was distinguished and taking note  of
the fact that at the relevant time, the  vehicle  in  question  was  insured
with it and the policy was very much in force and  hence,  the  insurer  was
liable to indemnify the owner.
On a careful analysis of the principles stated in the  foregoing  cases,  it
is found that there is a common thread that the person in possession of  the
vehicle under the hypothecation agreement has been  treated  as  the  owner.
Needless to emphasise, if the vehicle is insured, the insurer  is  bound  to
indemnify unless there is violation of the terms of the policy  under  which
the insurer can seek exoneration.
In Purnya Kala Devi (supra), a  three-Judge  Bench  has  categorically  held
that the person in control and possession of the vehicle under an  agreement
of hypothecation should  be  construed  as  the  owner  and  not  alone  the
registered owner and thereafter the Court has adverted  to  the  legislative
intention, and ruled that the registered owner of the vehicle should not  be
held liable if the vehicle is not in his possession and control.   There  is
reference to Section 146 of the Act that no person shall  use  or  cause  or
allow any other person to use a motor vehicle  in  a  public  place  without
insurance as that is the mandatory  statutory  requirement  under  the  1988
Act.  In the instant case, the  predecessor-in-interest  of  the  appellant,
Centurion Bank, was the registered owner along with  respondent  no.2.   The
respondent no. 2 was in control and  possession  of  the  vehicle.   He  had
taken the vehicle from the dealer without paying the  full  premium  to  the
insurance company and thereby getting the vehicle insured.  The  High  Court
has erroneously opined that the financier had the responsibility to get  the
vehicle insured, if the borrower failed to insure it.  The said term in  the
hypothecation agreement does not convey that  the  appellant  financier  had
become the owner and was in control and possession of the vehicle.   It  was
the absolute fault of the respondent no.2  to  take  the  vehicle  from  the
dealer without full payment of the insurance.  Nothing has been  brought  on
record that this fact was known to the appellant financier or  it  was  done
in collusion with the financier.  When the intention of the  legislature  is
quite clear to the effect, a registered owner of the vehicle should  not  be
held liable if the vehicle is not in his possession and  control  and  there
is evidence on record that the respondent no.2, without the insurance  plied
the vehicle in violation of the statutory  provision  contained  in  Section
146 of the 1988 Act, the High Court could not have mulcted the liability  on
the financier.  The appreciation by the  learned  Single  Judge  in  appeal,
both in fact and law, is wholly unsustainable.
In view of the aforesaid premises, we allow the appeals and  hold  that  the
liability to satisfy the award is that of the owner, the  respondent  no.  2
herein and not that of the  financier  and  accordingly  that  part  of  the
direction in the award is set aside.   However, as has been conceded  to  by
the learned senior counsel for the appellant, no steps shall  be  taken  for
realisation of the amount.  There shall be no order as to costs.

                                  ........................................J.
                                                         [DIPAK MISRA]


                                 .........................................J.
                                                   [ROHINTON FALI NARIMAN]


                                  ........................................J.
                                                 [UDAY UMESH LALIT]

NEW DELHI
DECEMBER 01, 2014.

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[1]     (1997) 9 SCC 103
[2]
      (1997) 7 SCC 481
[3]     (2008) 1 SCC 414
[4]     (2004) 8 SCC 387
[5]     (2004) 5 SCC 409
[6]     (2002) 1 SCC 589
[7]     (2007) 1 SCC 467
[8]     (1988) 2 TAC 25 (Ori)
[9]      AIR 1996 Guj. 51
[10]    (2008) 5 SCC 107
[11]    (2011) 2 SCC 240
[12]    (2001) 8 SCC 748
[13]    (2011) 8 SCC 142
[14]    2014 (4) SCALE 586

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