https://www.taxtmi.com/caselaws?id=193319 A motor vehicle is movable property, so its transfer is governed by the Sale of Goods Act, 1930; endorsement of the transfer in the registration record under the Motor Vehicles Act, 1939 is evidence of ownership but not a condition precedent to a valid sale. Failure to intimate the transfer may attract statutory consequences, but it does not invalidate a completed transfer. An insurance policy covering a specified vehicle is a personal contract of indemnity and may lapse on transfer only when a valid transfer is actually proved. On the facts discussed, no reliable proof of an earlier completed sale existed, so the policy remained operative and the insurer remained liable. en-us Tue, 09 May 1972 00:00:00 +0530 Mon, 24 Jul 2017 15:21:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193319 A motor vehicle is movable property, so its transfer is governed by the Sale of Goods Act, 1930; endorsement of the transfer in the registration record under the Motor Vehicles Act, 1939 is evidence of ownership but not a condition precedent to a valid sale. Failure to intimate the transfer may attract statutory consequences, but it does not invalidate a completed transfer. An insurance policy covering a specified vehicle is a personal contract of indemnity and may lapse on transfer only when a valid transfer is actually proved. On the facts discussed, no reliable proof of an earlier completed sale existed, so the policy remained operative and the insurer remained liable. Case-Laws Indian Laws Tue, 09 May 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193319