New Delhi: New Delhi: The Union Ministry of Road Transport and Highways (MoRTH) has issued a draft notification proposing guidelines and new regulations for the pre-owned vehicle resale market to prevent fraudulent activities around the sale and purchase of used vehicles.
“In the current ecosystem, many issues were being faced viz. during transfer of vehicle to subsequent transferee, disputes in regard to third party damage liabilities, difficulty in determination of defaulter etc.,” the Ministry said, in the notification issued late on Wednesday.
