https://www.taxtmi.com/caselaws?id=106602 The Supreme Court overturned the National Commission's decision and ruled that the insurance amount was not payable in Pound Sterling. The Court found that the consignor retained ownership of the goods as the consignee had not paid for them and did not possess transfer documents. Therefore, the consignor was awarded the claim amount in Indian currency, along with interest and costs. The Court modified the National Commission's order, allowing one appeal and dismissing the other, based on the transfer of title and payment currency under the insurance policy terms. Each party was directed to bear their respective costs. en-us Wed, 09 Jan 2002 00:00:00 +0530 Wed, 21 Aug 2013 18:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=106602 The Supreme Court overturned the National Commission's decision and ruled that the insurance amount was not payable in Pound Sterling. The Court found that the consignor retained ownership of the goods as the consignee had not paid for them and did not possess transfer documents. Therefore, the consignor was awarded the claim amount in Indian currency, along with interest and costs. The Court modified the National Commission's order, allowing one appeal and dismissing the other, based on the transfer of title and payment currency under the insurance policy terms. Each party was directed to bear their respective costs. Case-Laws Companies Law Wed, 09 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=106602