NEW INDIA ASSURANCE CO. LTD. vs STATE TRADING CORP. OF INDIA LTD. . — C.A. No. 2035/2007

Summary of C.A. No. 002035/2007 On April 17, 2007, the Supreme Court granted leave and disposed of New India Assurance Co.'s appeal concerning damage claims from a May 2001 cyclone filed under Order XXXVII of the CPC. The Court removed the 50% deposit condition imposed on the appellant (considering both parties are PSUs), but directed the trial judge to dispose of the suits within four months and parties to cooperate for expeditious disposal. The appellant was allowed four weeks to file written statements, with the underlying legal question regarding "liquidated demand" left open. This case analysis is maintained by casestatus.in based on publicly available court records.