Supreme Court · 2018 INSC 548 · Decided 18 May 2018
Meenakshi Saxena & ANR. v. Ecgc LTD. (Formerly Known As Export Credit Guarantee Corporation of India LTD.) and ANR.
- Court
- Supreme Court of India
- Citation
- 2018 INSC 548 · [2018] 5 S.C.R. 421
- Case number
- CIVIL APPEAL No. 5681/2018
- Decided
- 18 May 2018
- Bench
- N.V. RAMANA, S. ABDUL NAZEER (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Consumer Protection Act Section 25, 27
Headnote
Consumer Protection Act, 1986: ss. 25 and 27 - Execution of decree - Decree against insurer holding it liable to pay the insurance amount as agreed - Execution petition - During pendency of the petition, the insurer (judgment debtor) paid - Insured (decree holder) disputed the payment on the ground that value of the foreign currency payable should have been calculated on the conversion rate applicable on the date of payment - District Forum as well as State Commission held that foreign currency conversion rate has to be
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