Company Car Policy And Car Got Totaled

I was assigned a company car worth 15 lakhs (company limit is 12 lakhs i paid 3 lakhs additional). after 6 months of driving the car my car had an accident and it was totalled.
My questions.
The tax and insurance component was 2 lakhs which the company will lose, as the car is totalled will i have to pay for that or the company will pay for it.
I paid 3 lakhs to buy the car will the company refund me or prorate my portion

Dear Niral,
Who was driving the car? You or your driver? If your driver then who had employed him - you in your personal capacity or he was company employee? Who has totalled the car? Has the insurance adjuster declared the car totalled?
Are the insurance authorities ready to pay the insurance? Since you paid the 20% of the amount, at the time of purchase, whatever money you get from insurance, 20% of the amount you should keep and rest 80% should go to company.
If the insurance authorities refuse to pay any amount because of the negligent driving, then it becomes a tricky case. Of the Rs 12 Lakh that company paid, how much they ask you to pay it remains to be seen.
Thanks,
Dinesh V Divekar

1) I was driving the car myself.
2) The insurance company is declaring the car as totalled.
3) The insurance company is willing to pay the insured value.
My only question is the cost of taxes that was paid on the car. will that be borne by me or the company.
Niral

Dear Niral,
Who had paid the taxes initially - you or your company? The division should be apportioned as per the terms of the agreement. However, if the terms of the agreement do not include this particular clause, then better better apportion it 80:20. 80% company and 20% yourself.
Ok...
DVD