Supreme Court of India
Marsh India Insurance Brokers Private Limited v. M/s Atkins Special Risks Ltd. & Ors.
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 opinion that there was no occasion for interfering with the order of the IRDA by the Tribunal.
Judgment, page 4
From the headnote
Insurance Act, 1938: s.41(1) – Insurance Regulatory and Development Authority (Insurance Brokers) Regulations, 2013 – Clause 37(1) – Complaint by the first respondent-insurance broker alleging adoption of illegal means by appellant in obtaining business of international reinsurance cover of J firm, it paid bribe to Chairman of the J firm to obtain brokerage contract, thus the appellant violated s.41(1) of the Act of 1938 and Clause 37(1) of the 2013 Regulations – Basis of the complaint was certain emails by which the Chirman allegedly made demands for illegal gratification in exchange of…
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