Back
RAJAN SHARMA, BIMLA KUMARI
PC Jewellers Ltd. – Appellant
Versus
New India Assurance Company Limited – Respondent
ORDER
Bimla Kumari, Member (Female)—Brief facts of the case are that the complainant is a company engaged in the business of the manufacturing and sale of diamond jewellery and other related items. It has various showrooms (branch offices) all across the country with its Head Office at 2708 Bank Street, Karol Bagh, New Delhi. The complainant company obtained a ‘Jewellers Block Policy’ No. 31120046110700000003 for the period w.e.f. 30.06.2011 to 29.06.2012 for a total sum of 3,100,000,000/-. The policy is specifically designed by the insurance industry to suit the needs and requirements of jewellers and their risks involved. The terms and conditions of the policy are mentioned in the schedule which is annexed as (Annexure ‘D’). The copy of cover note of the above mentioned insurance policy alongwith policy schedule is annexed as (Annexure ‘E’).
2. It is the case of complainant that on 20.08.2011 its three employees, namely, Mr Nilesh Vyas and Mr Abhijeet Dadich working for Pali Branch and Mr Sunil Vyas, working for Bhilwara Branch of the Complainant CNO.565/2014 company took the ensured jewellery from the Head Office, at Karol Bagh, for carrying the same to its Pali and Bhilwara Bra
Violation of terms and conditions – FIR Annexure ‘K’ was registered only on 02.09.2011 about two weeks after discovery of loss of jewellery – Therefore the complainant has failed to comply with the t....
Transit clause – The arrangement of steel cupboard with an internal locker or a steel safe as referred to in the warranty clause of Section II indicates positioning and custody at some fixed place an....
1) Fundamental principle of insurance law that utmost good faith must be observed by the contracting parties and good faith forbids either party from non-disclosure of the facts which the parties kno....
Insurance Company cannot travel beyond grounds mentioned in repudiation letter.
Insurance Policy, viz; Standard Fire & Special Peril Insurance Policy – Repudiation of claim not justified – Complainant is Consumer as he filed claim for recovery of amount assessed by surveyor.
1) Neither employees carrying the gold took any step for its recovery after theft nor did the petitioner, who was informed on telephone asked them to take any step for recovery of the theft good; thu....
Insurance claims must adhere strictly to policy conditions regarding prompt notification of incidents; failure to act can lead to claim repudiation.
Exclusion Clause – Complainant/Respondent is at no fault and the contention of the Appellant that the Complainant/Respondent left the money unattended which falls under the Exclusion Clause hold no w....
The High Court emphasized the importance of concurrent findings of fact, the limited scope of the High Court's supervisory jurisdiction, and the interpretation of insurance policy clauses in reaching....
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
