Madras High Court withdraws its order on bumper-to-bumper insurance

The withdrawal follows the submissions of the counsels for the Insurance Regulatory and Development Authority of India (IRDAI), General Insurance Company (GIC) and the Society of Indian Automobile Manufacturers (SIAM), a non-profit entity that has been espousing the cause of automobile industry, that the stipulation was impossible to implement.

from Banking/Finance-Industry-Economic Times https://ift.tt/2YPKNJX