The Court heard a clarification appeal filed by the General Insurance Council. Counsels representing the Council, Insurance Regulatory and Development Authority of India (IRDAI), Society of Indian Automobile Manufacturers (SIAM) made their submissions to the court. Court said its direction issued on August 4, 2021 may not be conducive and suitable for implementation in the current situation.
The government’s new Vehicle Scrappage Policy has laid down comprehensive guidelines about how old vehicles in the country will be scrapped or discarded. Under this new policy, government and commercial vehicles older than 15 years and private vehicles older than 20 years will be scrapped or destroyed.