The Supreme Court on Friday ruled that no company will be able to sell four-wheeler or two-wheeler without a compulsory third party insurance for a period of two years and five years respectively, come September. The apex court took the decision after amicus curiae in the case Gaurav Agarwal said that the vehicles get a third party insurance only for a year, but are not followed after that. While insurance companies had earlier said that third-party insurance cannot be ‘extended for 20 years at one go’. Committees, however, said that ‘third party car insurance can be extended for three years and five years for two-wheeler or motorcycles.’
