Unit Trust Of India vs Ravinder Kumar Shukla, Etc. Etc

The Supreme Court addressed the liability of a statutory corporation under the UTI Act, 1963 regarding non-receipt of cheques by unit holders. The Court held that the Appellant was negligent in ensuring the delivery of cheques, which were intercepted, and thus the loss must be borne by the Appellant, not the unit holders. The ruling emphasized that the post office acted as an agent of the Appellant, establishing the principle that negligence in delivery leads to liability for the sender under consumer protection laws.