ORDER

Heard Mr. Govind Jee, Advocate, for the complainant and Mr. S.M. Tripathi, Advocate, for the opposite party.

2. Renaissance RTW (Asia) (P) Ltd. has filed above complaint for directing the opposite party to pay (i) US$ 166620.19/- along with interest @18% per annum from the date of the claim till the date of actual payment, as insurance claim (ii) Rs.one crore, as compensation for business loss, (iii) cost of litigation and (iv) any other relief, which is deemed fit and proper in the circumstances of the case.

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

(a) The complainant was a private limited company, registered under Indian Companies Act, 1956 and engaged in business of manufacture and export of the garments. The complainant entered into a contract with M/s. Fitzroy Sales Inc. USA, acting on behalf of M/s. Army and Air Force Exchange Services, USA, for export of the garments, including T. Shirts, Polo for women, men and children. As per terms and contracts, the US Company had to place purchase orders periodically in accordance with which the complainant had to effect delivery as and when required. The contract env