Supreme Court of India
Marsh India Insurance Brokers Private Limited v. M/s Atkins Special Risks Ltd. & Ors.
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From the headnote
Insurance Act, 1938: s.41(1) – Insurance Regulatory and Development Authority (Insurance Brokers) Regulatio ns, 2013 – Clause 37(1) – Complaint by the first respondent- insurance broker alleging adoption of illegal means by appell ant in obtaining business of international reinsurance cov er of J firm, it paid bribe to Chairman of the J firm to obtain b rokerage contract, thus the appellant violated s.41(1) of th e Act of 1938 and Clause 37(1) of the 2013 Regulations – Basis of the complaint was certain emails by which the Chirman allegedly m ade demands for illegal gratification in exchange
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