carrying on business as Insurers. The second plaintiffs are also a Company registered under the Companies Act and carrying on business in medicines. Defendant is carrying on business as Public Road Carrier throughout India. Plaintiff No.2 were having Branch at Hyderabad, and Bangalore and in the course of business they were transferring their stock of medicines from Hyderabad to Bangalore. The two consignments of medicines were properly packed in 944 cartons and entrusted to defendant for carriage from Hyderabad to Bangalore for which defendant had issued two consignment notes bearing No.56697 & 56698 both dated 26.5.1997. These notes were received by plaintiffs in the regular course of business. The second plaintiffs are holders and/or endorsees for value of the transport document relating to the said consignment and are accordingly entitled to all the rights and remedies available thereunder including the right to sue thereon and the right to take delivery. The said consignment was insured by second plaintiffs with first plaintiffs by Insurance Policy bearing No.513/96.