Ajit Bharihoke, Presiding Member—The complainant Ratnagiri Gas & Power Pvt. Ltd. was registered under the Companies Act, 1956 on 8.7.2005. The company was established as a special purpose vehicle to take over the generating station and related assets owned by Dabhol Power Company Ltd., a private ltd. company promoted and established by the erstwhile Enron group.

2. The complainant company was desirous of taking industrial all risk policy including the insurance cover for the loss of profit (LOP) for power block II of the power plant of Ratnagiri project commencing from 20.5.2007. For the above-noted purpose, the complainant, vide request for quotation dated 21.3.2007, invited competitive quotations from the various insurance companies including the opposite party National Insurance Co. Ltd.

3. The above-noted request for quotation sent to the opposite party and the other insurance companies detailed the expectation of the complainant from the insurer. The relevant extract of the above-noted request for quotation dated 21st March, 2007 is reproduced as under:-

“Our Exp