Insurance

Insurer's liability

— Nature and extent of liability under the Workmen's Compensation Act — (Per S.B. Sinha, J.) Held, such liability is contractual and not statutory — The terms of such insurance contract depend upon the volition of the parties and are governed by the Insurance Act — Employer can vis-à-vis the insurer contract out any matter not statutorily mandatory, such as payment of interest or penalty — (Per P.K. Balasubramanyan, J., concurring) law relating to insurance contract is part of general law of contract — An insurance contract, like any other contract, is to be construed in the first place from the terms used in it which are to be understood in their natural, ordinary and popular sense, (2006) 5 SCC 192-A

Labour Law

Workmen's Compensation Act, 1923

— S. 17 — Bar under, against contracting out — Applicability, (2006) 5 SCC 192-B