National Insurance Co. Ltd vs Opera Clothing on 13 March, 2015
Insofar as the judgment of this Court in the case of New
India Assurance Co. Ltd. (supra) relied upon by the petitioners is
concerned, this Court has considered a clause in the agreement
which provided that the receipt issued by the bank to the parties shall
be a complete discharge of the liabilities of the petitioners towards
the respondents. The facts before this Court in the said matter were
totally different. The said judgment does not assist the petitioners.