STATE OF ORISSA vs UNITED INDIA INSURANCE CO. LTD.REPRESENTED BY DIVISIONAL OF

The Supreme Court upheld the decision of the Andhra Pradesh High Court, confirming that the cancellation of the marine insurance policy under Section 3 of the Marine Insurance Act, 1963 was valid. The Court ruled that the non-supply of bulldozers was not a condition covered by the insurance policy, and thus the insurer was not liable for damages. The judgment clarified the definitions of 'marine adventure' and 'marine losses' as per the Act, reinforcing the insurer's right to terminate the contract.