ORDER

J.M. Malik, (P.M) - Late Sh. Vupputuri Ayyanna-Complainant-1 was the proprietor of M/s Pawan Enterprises. After his death, the matter is being pursued by Sri Vupputuri Srinivasa Rao, his son-Complainant No. 2, who also joined as one of the complainants, from the very start. There can be no conflictions on the point that Sri Vupputuri Srinivasa Rao-Complainant No. 2, stepped into the shoes of complainant-1, by virtue of a will. The above said proprietorship deals in cotton. It has got its own warehouse and keeps the stocks for further proceedings in Pressing mills.

2. The original proprietor, Sh. Vupputuri Ayyanna obtained insurance coverage for his business including in the risk address of M/s Srinivasa Pressing Company Private Limited also. The Insurance Policy was to commence from 28.11.2001 to 27.11.2002. The complainant purchased two lots of cotton bales from Sri Sambasiva Lakshmi cotton Ginning Mills, Chintapallipadu, at the premises of M/s Srinivasa Pressing Company Pvt. Ltd., Kurunthala, Vatticherukur Mandal, on 06.05.2002 under Cash/Credit Bills for amounts of Rs. 4,30,892/- and Rs. 4,30,484/- respectively, the total amount being Rs. 8,64,376/-. The complainant took po