https://www.taxtmi.com/caselaws?id=775559 The HC dismissed the appeal, holding the appellants liable for the plaintiff's loss due to their failure to exercise due diligence and act within authority. Defendant No. 6, as transporter and CNF agent, facilitated delivery under forged documents without plaintiff's consent, breaching the Letter of Credit terms. Defendant No. 7 acted beyond its authority by accepting unauthorized documents, enabling the Bangladesh importer and negotiating bank to avoid liability. Despite no direct involvement in fraud, both defendants breached their fiduciary duties and duty of care, causing the plaintiff's financial loss. The court upheld the decree for recovery of the price of goods sold and delivered, affirming compensation for the plaintiff's damages resulting from the appellants' conduct. en-us Wed, 23 Jul 2025 00:00:00 +0530 Mon, 28 Jul 2025 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775559 The HC dismissed the appeal, holding the appellants liable for the plaintiff's loss due to their failure to exercise due diligence and act within authority. Defendant No. 6, as transporter and CNF agent, facilitated delivery under forged documents without plaintiff's consent, breaching the Letter of Credit terms. Defendant No. 7 acted beyond its authority by accepting unauthorized documents, enabling the Bangladesh importer and negotiating bank to avoid liability. Despite no direct involvement in fraud, both defendants breached their fiduciary duties and duty of care, causing the plaintiff's financial loss. The court upheld the decree for recovery of the price of goods sold and delivered, affirming compensation for the plaintiff's damages resulting from the appellants' conduct. Case-Laws Indian Laws Wed, 23 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775559