Authority: Supreme Court of India
Order Date: 10 September 2026
Case Overview
- Parties: ICICI LOMBARD GENERAL INSURANCE CO. LTD. & ANR. (Applicant/Petitioner) vs. M/S. HCC CPPL JV (Respondent).
- Proceedings: Miscellaneous Application No.2667/2026 filed in Civil Appeal No.4914/2023. The matter was listed before a bench of Hon'ble Mr. Justice Ahsanuddin Amanullah and Hon'ble Mr. Justice Manmohan.
- Background: The applicant had deposited Rs.9,61,90,236 (Rupees Nine Crores Sixty‑One Lakhs Ninety Thousand Two Hundred Thirty‑Six) in Fixed Deposit Receipts (FDR) that were scheduled to mature on 23 September 2026. Earlier, the Supreme Court, by its order dated 14 August 2023 in Civil Appeal No.4914 of 2023, directed that the said deposit be returned to the applicant. Subsequently, on 12 August 2026, the Court set aside the NCDRC judgment dated 3 May 2023 and remanded the matter to the NCDRC for de novo consideration.
- Counsel: For the petitioner – Mr. Ram Narayan Mohanty, Adv.; Mr. Vinay Kumar Misra, AoR; Ms. Priya Misra, Adv.; Mr. Rajat Dasgupta, Adv.; Ms. Akshita Totla, Adv. For the respondent – Ms. Madhavi Divan, Sr. Adv.; Mr. T. Bhaskar Gowtham, Adv.; Mr. Sandeep Singh, AoR.
Final Outcome
- The Court directed that the Registry refund the full amount of Rs.9,61,90,236 together with up‑to‑date accrued interest and the suitors' fund amount, as per the applicable Rules.
- The refund must be effected within three weeks from the date of this order (i.e., by approximately 1 October 2026).
- With this direction, the Miscellaneous Application stands disposed of.
Topics: Insurance, Court Order, Financial Refund