(O&M) UNITED INDIA INSURANCE CO.LTD, LUDHIANA. PARDEEP BEDI, PARMOD GOYAL, GURDEV SINGH, vs INDIAN OVERSEAS BANK ETC. — RSA/2530/1995
Case under No Acts Defined. Disposed: Contested--ALLOWED on 10th April 2026.
CNR: PHHC010366241995
Filing Number
RSA/2530/1995
Filing Date
05-05-5500
Registration No
RSA/2530/1995
Registration Date
05-05-5500
Judge
MR. JUSTICE VIRINDER AGGARWAL
Coram
MR. JUSTICE VIRINDER AGGARWAL
Bench Type
Single
Category
26 - RSA ( 496 )
Judicial Branch
CIVIL II(RSA) BRANCH
Decision Date
10th April 2026
Nature of Disposal
Contested--ALLOWED
Acts & Sections
Petitioner(s)
(O&M) UNITED INDIA INSURANCE CO.LTD, LUDHIANA. PARDEEP BEDI, PARMOD GOYAL, GURDEV SINGH,
Respondent(s)
INDIAN OVERSEAS BANK ETC.
Orders
Summary The Punjab & Haryana High Court allowed United India Insurance Company's second appeal, reversing the First Appellate Court's decision that held the insurance company liable to pay ₹1,50,000 to Indian Overseas Bank. The court found the Bank was estopped from claiming insurance proceeds because it had explicitly stated in an earlier suit that it had no concern with the insurance company, on which representation the insurer had already settled the claim with the borrower. This case analysis is maintained by casestatus.in based on publicly available court records.
Summary The Punjab & Haryana High Court allowed United India Insurance Company's second appeal, reversing the First Appellate Court's decision that held the insurance company liable to pay ₹1,50,000 to Indian Overseas Bank. The court found the Bank was estopped from claiming insurance proceeds because it had explicitly stated in an earlier suit that it had no concern with the insurance company, on which representation the insurer had already settled the claim with the borrower. This case analysis is maintained by casestatus.in based on publicly available court records.
Browse Related Cases
Cases under same legislation
Explore other courts