Supreme Court of India

Oriental Insurance Co. Ltd. v. National Bulk Handling Corporation Pvt. Ltd.

Neutral citation
Reported as [2020] 3 S.C.R. 757
Bench Mohan M. Shantanagoudar and R. Subhash Reddy JJ.
Decided 12 February 2020

INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.

What the Court ordered

For the aforesaid reasons and in view of the findings recorded in the impugned order, we do not find any merit in this appeal, so as to interfere with the same.

Judgment, page 8

From the headnote

Insurance – Fidelity Insurance – Respondent is a Collater al Management Company which stores commodities pledged by farmers, traders etc., in availing loan from lending banks a nd other institutions – In case of any loss of the pledged c ommodities, respondent is liable to make good the loss to the l ending bank – Respondent took Fidelity Guarantee Insurance Policy from appellant-insurance company in respect of the pledged com modities stored in godowns – Three firms entered into agreem ents with respondent for storing commodities including urad and ment ha oil – Urad unauthorizedly removed

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