Insurance

Insurer's liability

— Nature and extent of — Insurer's liability, held, contractual — Statutory liability under Workmen's Compensation Act, 1923 is on the employer and not on the insurer — Hence, the insurance company stipulating in the insurance policy that it would be liable for compensation under the Workmen's Compensation Act sans the interest thereunder, held could not be forced by the courts to undertake the liability for interest also, (2006) 5 SCC 200