Supreme Court · 2020 INSC 140 · Decided 6 February 2020
Canara Bank v. M/S United India Insurance CO. LTD. & ORS.
- Court
- Supreme Court of India
- Citation
- 2020 INSC 140 · [2020] 7 S.C.R. 498
- Case number
- CIVIL APPEAL No. 1042/2020
- Decided
- 6 February 2020
- Bench
- S. ABDUL NAZEER, DEEPAK GUPTA (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
- Acts & sections cited
- Consumer Protection Act Section 2(d), 2(1)(d)(i)
Headnote
Consumer Protection Act, 1986 - s.2(d) - "Beneficiary" under the insurance policy availed by the insured, if "consumer" under the Act - Tripartite agreement between farmers, Bank and cold store - Farmers' agricultural produce was stored in cold stocks insured from an insurance company - Farmers hypothecated agricultural produce to the Bank - Bank issued loans - Agricultural produce destroyed by fire - Farmers claimed that the insurance company was liable to pay the value of the agricultural produce as on the date
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