Authority: Supreme Court of India, Civil Appellate Jurisdiction
Order Date: 10 September 2026
Case Overview
- Parties: ICICI Lombard General Insurance Co. Ltd. (Applicant/Petitioner) vs. M/s. HCC CPPL JV (Respondent).
- Proceedings: The matter arises from Civil Appeal No.4914 of 2023. An earlier Supreme Court order dated 14 August 2023 directed the deposit of Rs 9,61,90,263 by ICICI Lombard in a Fixed Deposit (FDR) maturing on 23 September 2026.
- Subsequent Development: On 12 August 2026 the Court set aside the NCDRC judgment dated 03 May 2023 and remanded the case to the NCDRC for de novo consideration.
- Deposit Details: The amount of Rs 9,61,90,263 was invested in an FDR, which was scheduled to mature on 23 September 2026.
- Registry Request: The Registry sought directions on the manner of dealing with the deposited amount.
- Counsel: For the petitioner – Mr. Ram Narayan Mohanty, Mr. Vinay Kumar Misra (AoR), Ms. Priya Misra, Mr. Rajat Dasgupta, Ms. Akshita Totla. For the respondent – Ms. Madhavi Divan (Sr. Adv.), Mr. T. Bhaskar Gowtham, Mr. Sandeep Singh (AoR).
Final Outcome
- The Court directs the Registry to refund the principal amount of Rs 9,61,90,263 to ICICI Lombard, 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.
- The Miscellaneous Application No.2667/2026 is hereby disposed of.
- The order is signed by Justice Ahsanuddin Amanullah and Justice Manmohan.
Topics: Insurance, Court Proceedings