Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

Appeal dismissed; defendants held liable for breach of fiduciary duty and forged shipping documents under contract law

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The HC dismissed the appeal, affirming the decree in favor of the plaintiff for recovery of the price of goods sold and delivered, along with damages. The appellants, defendants 6 and 7, were held liable for failing to exercise due diligence in verifying shipping documents, which were forged, and for breaching their fiduciary duties. Defendant 6 transported goods under an unauthorized name without plaintiff's consent, while defendant 7 acted beyond its authority by accepting such documents, thereby facilitating the breach of the Letter of Credit terms. Their conduct enabled the importer and negotiating bank to avoid liability, causing loss to the plaintiff. Despite arguments suggesting lack of direct involvement in fraud, the appellants wer.........