UNITED INDIA INSURANCE CO. LTD. vs LEISURE WEAR EXPORTS LTD.

The Supreme Court upheld the decision of the National Consumer Disputes Redressal Commission, affirming that the United India Insurance Company Ltd. was liable under the Open Marine Policy for the loss of goods during transit as per the terms of the policy. The Court emphasized that the insurer's obligation to indemnify the insured arises upon the occurrence of a loss covered by the policy, specifically under the Institute Cargo Clause ‘A’. The appeals were dismissed, confirming the lower court's ruling in favor of Leisure Wear Exports Ltd.