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.