Petitioner purchased a vehicle and gave it to one Jaibir Singh on hire purchase.  Jaibir Singh got the vehicle insured.  The insurance policy was issued in the name of Jaibir Singh.  Later on, Jaibir Singh surrendered the vehicle due to his inability to pay the monthly instalments.  Petitioner gave the vehicle to one Dilip Singh who in turn gave it to one Manoj. Vehicle was stolen while it was in possession of Manoj.  Petitioner lodged a claim with the respondent/insurance company which was repudiated on the ground that the petitioner did not have insurable interest and that the vehicle was insured in the name of Jaibir Singh, it is only Jaibir Singh who could claim the compensation.

          Petitioner being aggrieved filed a complaint before the District Forum which allowed the complaint and directed the respondent/insurance company to pay a sum of Rs.3,04,000/- along with compensation of Rs.90,000/- and Rs.10,000/- towards cost of litigation.

          Respondent/insurance company being aggrieved filed an appeal before the State Commission and the State Commission by the impugned order has set aside the order of the District Forum and held that the compensation could not be paid to the petitioner as it did not have any insurable interest.

          We agree with the view taken by the State Commission.  The policy was in the name of Jaibir Singh and the petitioner did not have an insurable interest to lay claim for reimbursement of the loss.

          Dismissed.