Supreme Court · 2009 INSC 1076 · Decided 25 August 2009
Oriental Insurance Company LTD. v. M/S Ozma Shipping Company & Another
- Court
- Supreme Court of India
- Citation
- 2009 INSC 1076 · [2009] 13 S.C.R. 573
- Case number
- CIVIL APPEAL No. 6289/2001
- Decided
- 25 August 2009
- Bench
- DALVEER BHANDARI, H.S. BEDI (2-judge bench)
- Outcome
- Disposed off
- Case type
- Civil
Headnote
Marine Insurance Act, 1963: ss.29, 69 - Entire vessel with cargo insured for a sum, after due valuation by surveyor 8 of insurance company - Premium demanded paid by C insured - Vessel sank with the cargo - Liability of insurance company - Held: Insurance company has to pay of insurance company of avoiding bona fide claim needs to be curbed - Insurance. Respondent no.1 was the owner of a sailing vessel. D The surveyor appointed 6y appellant-Insurance Company inspected the vessel and certified that market value of vessel was Rs.21.50 lacs. The premium amount
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