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Supreme Court of India · 2023-03-24

Marsh India Insurance Brokers Private ... vs M/S Atkins Special Risks Ltd.

Court
Supreme Court of India
Petitioner
Marsh India Insurance Brokers Private ...
Respondent
M/S Atkins Special Risks Ltd.
Author
Aniruddha Bose
Bench
Sudhanshu Dhulia, Aniruddha Bose

Judgment text excerpt

The Supreme Court examined the legality of the Securities Appellate Tribunal's order setting aside the IRDA's dismissal of a complaint against Marsh India Insurance Brokers. The complaint alleged illegal means, including bribery, in obtaining international re-insurance business. The Tribunal directed a re-evaluation of the complaint, but the Court focused on the procedural and substantive aspects of the Tribunal's order. The Court upheld the Tribunal's decision to revisit the complaint, emphasizing the importance of fair investigation in insurance brokerage disputes.

Marsh India Insurance Brokers Private ... vs M/S Atkins Special Risks Ltd. · Niyam