DEEPA SHARMA, SUBHASH CHANDRA
Shivalik Container Pvt. Ltd. – Appellant
Versus
Oriental Insurance Company Limited – Respondent
ORDER
Deepa Sharma, Presiding Member.—In the present complaint, the complainant has alleged that it is a registered company since 1997 who is engaged in the manufacture, supply and sale of corrugated boxes / boards to various industrial houses and was having its factory in five sheds. Out of five sheds, four were installed with machinery for manufacture of the card boxes and fifth shed was used for storage of raw material with semi finished goods / excess stocks. The complainant had been taking regular insurance covers for buildings, machinery and stock of raw material and semi finished and finished goods from the very inception and for the relevant period, it were having two valid insurance policies. It is submitted that insurance policy No. 261700/11/2011/194 was covering the following items:
| i | Stock | Rs.1,50,00,000.00 |
| ii | Plant & Machinery | Rs.30,00,000.00 |
| Iii | Building | Rs.25,00,000.00 |
|
| Total | Rs.2,05,00,000.00 |
| Policy No.261700/11/2011/211 was covering the following items: |
| |
| i | Stock | Rs.1,42,00,000.00 |
| Ii | Plant & Machinery | Rs.2,50,00,000.00 |
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