ORDER

Heard Mr. Ashok Mathur, Advocate, for the complainant and Mr. Yogesh Malhotra, Advocate, for the opposite party, through video conferencing.

2. Modi Dyeing & Bleaching Works (the complainant) (hereinafter referred to as the Insured) filed aforementioned complaint, for directing National Insurance Company Ltd. (the opposite party) (hereinafter referred to as the Insurer) to pay Rs.35578289/- as balance insurance claim, under Insurance Policy No.261300/11/11/3300000513, (hereinafter referred to as Policy No. 513), interest at the rate of 18% per annum on the said amount and any other or further relief which may deem fit and proper in the circumstances of the case.

3. The facts as been stated in the complaint and emerged from the documents attached with the complaint are as follows:-

(a) The Insured was a partnership firm and engaged in the business of dyeing and bleaching of grey cloth at its factory situated at 43/2, Amina Compound, Dhamankar Naka, Bhiwandi, district Thane, Maharashtra since 1964. Initially it was a hand pressing unit. In 1993, it was converted into a power processing unit. The Insurer was a Public Insurance Company and engaged in business of providing Insura