ORDER

Heard the learned counsel present.

Perused the material on record.

1. This complaint has been filed under Section 58 read with Section 59 and further read with Section 2(5) of The Consumer Protection Act 2019 (the ‘Act 2019’).

2. Learned counsel for the opposite party insurance co. draws attention to para 27 of the complaint as well as to para 10 of the subject insurance policy document as also to Section 58(1)(a)(i) of the Act 2019, and submits that this complaint does not come under the pecuniary jurisdiction of this Commission.

3. For ready reference, the following are reproduced:

Para 27 of the Complaint:

27. That this Hon’ble Commission has pecuniary jurisdiction to entertain this Consumer complaint as the value of the goods or services paid as consideration exceeds Rs.10,00,00,000/- (Rupees Ten Crores Only).

Para 10 of the subject Insurance Policy:

10. Premium:

It is understood and agreed that the annual premium amounting to INR.28,08,000/- + 12.36% S. Tax of INR.3,47,069/- = INR.31,55,069/- (for aircraft indicated in the schedule) shall be paid in the four quarterl