MAHAD COOP. URBAN BANK LTD. vs ORIENTAL INSURANCE CO.LTD. ETC.ETC — C.A. No. 5155 - 5235/1999

Summary: Mahad Coop. Urban Bank Ltd. v. Oriental Insurance Co. Ltd. (2003) The Supreme Court allowed Mahad Bank's appeal and dismissed Oriental Insurance's appeal in a case involving fishermen's dry fish damaged by a 1989 cyclone. The court upheld findings that Oriental Insurance manipulated policy documents to deny flood coverage, which the policies previously covered. The court directed Oriental Insurance to pay the full claim amount to all fishermen within two months with interest, plus Rs. 5,000 costs per claimant, rejecting the lower court's imposition of 50% liability on the Bank. This case analysis is maintained by casestatus.in based on publicly available court records.