Suresh Kait, J. (Oral)

1. The present appeal has been preferred against the impugned award dated 15.10.2011, whereby the learned Tribunal has granted compensation for an amount of Rs.14,18,200/- with interest at the rate of 7.5% per annum from the date of filing of the petition till realization of the amount.

2. The appellants are aggrieved with the findings of the learned Tribunal that the Insurance Company is not liable to pay any compensation, accordingly directed the respondent Nos. 2 and 3 to pay the compensation amount in favour of the appellants, hence the present appeal.

3. Learned counsel appearing on behalf of the appellants/claimants submits that the respondent No.1/Insurance Company examined Shri Navneet Goel, Assistance Manager (Legal) of the company as R3W1, who deposed that the policy cover note No.109000677707 from book No.90135542 was lost on 22.01.2010 from the custody of Destimoney Enterprises Pvt. Ltd., regarding which the said company intimated the respondent insurance company on 27.10.2010, accordingly an FIR got lodged on the same day.

4. Ld. Counsel further submitted that during cross-examination, R3W1 stated that the respondent company did not get any