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Supreme Court Allows Appeal in Customs Valuation Dispute — Mandamus Issued to Assess Imported Scrap on Transaction Value. Court Holds That Declared Transaction Value Must Be Accepted Unless Proper Officer Follows Procedure Under Section 14 and Rule 12 of Customs Valuation Rules, 2007.

The appellants, Century Metal Recycling Pvt. Ltd. and Gauri Shankar Agarwala, filed a writ petition before the Allahabad High Court challenging the pr...

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Supreme Court Allows Insurer's Appeal in Malaria Death Insurance Claim. Death Due to Disease Not an Accident Under Section II of National Insurance Home Loan Suraksha Bima Policy.

The case involves an appeal by the National Insurance Co. Ltd. against a judgment of the National Consumer Disputes Redressal Commission which upheld ...

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Supreme Court Modifies Reinstatement Order to Compensation in LIC Caretaker Termination Case. Compensation of Rs. 1,00,000 awarded in lieu of reinstatement due to loss of confidence and long passage of time.

The respondent, Dinesh Singh, was appointed as a temporary Caretaker by the Life Insurance Corporation of India (LIC) in 1994 on a fixed salary of Rs....

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Supreme Court Dismisses Appeal Against NCDRC Order Rejecting Insurance Claim for Road Damage Due to Normal Wear and Tear Exclusion. The appellant failed to prove that the damage was caused by abnormal rainfall and not normal wear and tear under Section 1 of the insurance policy.

The appellant, Mahavir Road and Infrastructure Pvt Ltd., was undertaking road resurfacing and asphalting in Nashik and obtained an insurance policy fr...

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Supreme Court Allows LIC Appeal, Denies Pension to Resigned Employee Under Retrospective Pension Rules. Resignation Forfeits Past Service Under Rule 23 of LIC Pension Rules, 1995, and Cannot Be Equated with Voluntary Retirement.

The Supreme Court considered a batch of appeals concerning employees of the Life Insurance Corporation of India (LIC), United India Insurance Company ...