The apex court, in its order, said it could not find any documentary evidence on which the SAT had come to the conclusion that the reinsurance business of Jagson International Ltd was obtained by Marsh India by illegal means as alleged by its rival, the London-based reinsurance broker Atkins Special Risks Ltd.
The Marsh India Insurance Brokers had approached the Supreme Court against the SAT's order.
The apex court's recent order is the final setback for SAT in the case.
Earlier the Supreme Court had expunged the SAT's remarks against the former Member (Non-Life), Insurance Regulatory and Development Authority of India (IRDAI) P.J. Joseph as `uncalled for and deserve to be set aside" on an appeal by the IRDAI.
This story is from the April 11, 2023 edition of The Statesman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the April 11, 2023 edition of The Statesman.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Travis Head backs Rohit Sharma's decision to skip opening BGT Test
Australia batter Travis Head has extended his support to Rohit Sharma's decision to skip the opening Test of the Border-Gavaskar Trophy to be with his wife following the birth of their second child.
Indian top-order set for rejig with Rohit, Shubman set to miss first Test
Team India face top order headache with skipper Rohit and opener Gill missing Perth Test
Australia overpower Pakistan in Hobart contest, sweep T20I series 3-0
All-rounder Marcus Stoinis' marvellous fifty helped Australia to clean-sweep Pakistan in the three-match T20I series on Monday.
IOA pledges support to KKFI to host inaugural Kho Kho World Cup
India is set to host the inaugural Kho Kho World Cup at the IGI Stadium here from 13 to 19 January, marking a landmark moment in the world of traditional sports.
Champions Trophy 2025: PCB chief expresses willingness to talk to BCCI to break deadlock
Reiterating its stance of not using a hybrid model for the upcoming 2025 ICC Champions Trophy, Pakistan Cricket Board (PCB) president Mohsin Naqvi on Monday said he still retained \"positive expectations\" about the tournament, and added that he is willing to speak to the BCCI to break the deadlock that arose after the Indian board refused to send its team to Pakistan, citing security concerns.
Blow for Arsenal as Trossard gets injured on national duty
Arsenal manager Mikel Arteta faces yet another selection headache as Leandro Trossard was forced off with an apparent injury during Belgium's Nations League clash against Israel.
Jannik Sinner defeats Taylor Fritz to win ATP Finals, reaches historic landmark to end superb season on memorable note
Jannik Sinner made history in the ATP Finals by becoming the first Italian champion in the tournament's 55-year history following his comprehensive victory over Taylor Fritz.
ISL: U nperturbed bypressure,Ayush Chikkam eyes main role for Mumbai City
Mumbai City FC, the defending champions of the Indian Super League (ISL) Cup, are known for nurturing and bringing in young talent through their ranks.
Inclusive workplaces start in the classroom: How business education can foster diversity
Diversity is a word that has been talked about for quite a long time now; if we understand diversity, it in simple terms is visible and invisible traits that result in broader experiences among humans and the living.
WOmen'S Asian Champions Trophy: India gear up for Semifinal Witn Japan
After ploughing through opposition defences during group stage, hosts face tactically strong Japan in last four clash
