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verdictum.in > supreme-court > the-new-india-assurance-company-limited-ors-v-ms-louis-dreyfus-commodities-india-pvt-ltd-2026-insc-876-1620151

Sec.64VB Of Insurance Act Puts Embargo On Insurer From Taking Risk If Premium Isn’t Paid Prior To Assumption Of Such Risk: Supreme Court

3+ week, 5+ day ago   (362+ words) Justice Sanjay Karol, Justice N. Kotiswar Singh, Supreme Court The Supreme Court has held that Section 64VB of the Insurance Act puts a statutory embargo on an insurer assuming risk if the premium has not been paid to them, either prior to…...