UNITED INDIA INSURANCE CO. LTD.,GUNTUR vs SRINIVASA COTTON TRADERS, GUNTUR — C.A. No. 4859 - 4860/2002

Case Summary: CA 4859-4860/2002 On 9 August 2002, the Supreme Court heard United India Insurance Co. Ltd.'s special leave petition against the High Court of Andhra Pradesh's order permitting withdrawal of a deposited amount without adequate security. The Court granted leave and set aside the High Court's order, directing that the deposited amount remain invested and that bank guarantee of a nationalised bank be furnished to the Court Registrar as security. The Court requested the Chief Justice of the High Court to expeditiously dispose of the pending first appeal (AS No. 994 of 2001) within six months. This case analysis is maintained by casestatus.in based on publicly available court records.