SUBHASH CHANDRA
New India Assurance Company Ltd. – Appellant
Versus
Mansing Co-Operative Bank Ltd. – Respondent
ORDER
Subhash Chandra, Member—The present revision petition has been filed under section 21 (b) of the Consumer Protection Act, 1986 (in short, ‘the Act’) against the order dated 08.07.2016 of the Maharashtra State Consumer Disputes Redressal Commission, Mumbai (in short, ‘the State Commission’) in First Appeal no. 838 of 2014.
2. The brief facts of the case, as taken from the complaint filed before the District Forum, are that the respondent/ complainant – Bank provides farmer members loans and accepts deposits as per Banking laws. The Head Office of the Bank is at Dudhondi, Tal Palus, District Sangli and its jurisdiction is Sangli, Samara, Kolhapur, Solapur and Ratnagiri Districts. The petitioner/ opposite party no.1 is a company dealing in insurance policies and providing compensation in case of loss to its customers. The branch office of the petitioner is at Islampur and OP no.3/ respondent no.2 (herein) the Development Officer who promoted the insurance business. The respondent Bank obtained an insurance policy from the petitioner / opposite party no. 1 in 25.06.2011 which was renewed without break and had the agreed premium paid on time. At the time of the issuance of the pol
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