New India Assurance Co. Ltd. vs Mudit Roadways

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

2023 Supreme(SC) 1177

HRISHIKESH ROY, SANJAY KAROL
New India Assurance Co. Ltd. – Appellant
Versus
Mudit Roadways – Respondent

Advocates Appeared:
For the Appellant(s) : Mr. C. George Thomas, AOR
For the Respondent(s): Mr. Praveen Swarup, AOR Mr. Parthiv K. Goswami, Sr. Adv. Mr. Mrinal Kumar Choudhary, Sr. Adv. Mr. Devesh Tripathi, Adv. Ms. Anasuya Choudhary, Adv. Mr. Faraz Anees, Adv. Mr. Mukeshwar Nath Dubey, Adv. Mr. Abhishek Yadav, Adv. Ms. Richa Pandey, Adv. Mr. Alok Tripathi, Adv. Mr. Ravi Kumar, Adv. Mr. Rajatdeep Sharma, Adv.

JUDGMENT :

Hrishikesh Roy, J.

1. Heard Mr. Aditya Kumar, learned counsel appearing for the appellants. Also heard Mr. Parthiv K. Goswami and Mr. Mrinal Kumar Choudhury, learned Senior Counsel for the respondent.

2. This appeal challenges the 10.8.2022 order of the National Consumer Disputes Redressal Commission (hereinafter referred to as, ‘the NCDRC’ for short), which partially allowed the consumer complaint directing the Insurance Company to pay Rs.6,57,55,155/- for a fire insurance claim with 9% interest from claim denial date within 8 weeks, or face 12% interest beyond the stipulated 8 weeks.

INSURANCE POLICIES & CLAIM PROCESS

3. The respondent purchased the following insurance policies:

Sr.No.	Description	Date Premium Paid	Duration of Policy	Sum Insured
1	Standard Fire and Special Perils Policy 17080011170 100000734	19.06.2017	19.06.2017 to 18.06.2018	Rs. 6 Crores
2	Customs Duty Package Policy 11140046172 480000017	30.09.2017	30.09.2017 to 29.09.2018	Rs. 20 Crores
3	Standard Fire and Special Perils Policy 11140011170

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2023 Supreme(SC) 1177

HRISHIKESH ROY, SANJAY KAROLNew India Assurance Co. Ltd. – AppellantVersusMudit Roadways – Respondent

Cases Referred (8)

HRISHIKESH ROY, SANJAY KAROL
New India Assurance Co. Ltd. – Appellant
Versus
Mudit Roadways – Respondent