Supreme Court of India
Export Credit Guarantee Corpn. of India Ltd. & Anr. v. M.S. Creations & Anr.
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
We are of the view that the loss must, in the present case, lie where it falls.
Judgment, page 10
From the headnote
Insurance– Shipments Policy– First Respondent obtained Shipments (Comprehensive Risk) Policy from the appellant-ECGC – First respondent obtained purchase order for handloom goods, worth about Rs 64 lakhs, from one Society Ivoirienne De Commerce ET DE Representation (SICOREP) situated in the Ivory Coast – First respondent made shipments to SICOREP – SICOREP sought change in the name of its bank under the contract from Credit Lyonnais to Banqyue De ‘L’ Habitat De Cote ’Ivoire (BHCI)– BHCI allegedly released the documents without receiving any acceptance from SICOREP – First respondent was…
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