https://www.taxtmi.com/caselaws?id=215034 The regulatory authority was treated as competent to revise third-party motor vehicle insurance premium rates under its statutory power to control and regulate general insurance rates where the Tariff Advisory Committee was not operating in the field. The Court also held that publication of the draft notification on the website, followed by consideration of responses and consultations with affected stakeholders, satisfied fair hearing requirements in a matter affecting a large class of persons. The revised rates were not shown to be arbitrary or unreasonable, as the revision was based on claims cost, claim frequency, and inflation-related data, and no material justified judicial interference. en-us Fri, 14 Oct 2011 00:00:00 +0530 Fri, 29 Jun 2012 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215034 The regulatory authority was treated as competent to revise third-party motor vehicle insurance premium rates under its statutory power to control and regulate general insurance rates where the Tariff Advisory Committee was not operating in the field. The Court also held that publication of the draft notification on the website, followed by consideration of responses and consultations with affected stakeholders, satisfied fair hearing requirements in a matter affecting a large class of persons. The revised rates were not shown to be arbitrary or unreasonable, as the revision was based on claims cost, claim frequency, and inflation-related data, and no material justified judicial interference. Case-Laws Indian Laws Fri, 14 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215034