ORDER

Kumkum Rani, Judicial Member II—This complaint has been filed on behalf of the complainant - M/s Fauji Earthmovers, a Proprietorship Concern, and Sh. Ompal Singh is the sole proprietor of the said concern and as such is fully authorised to sign and verify the present consumer complaint on behalf of the complainant. The complainant had purchased a machine known as Tata Hitachi EX200 LC Super from Time Equipment Private Limited for sum of Rs. 47,62,125/- vide invoice dated 10.12.2015. For purchasing the said machinery, the complainant had availed the finance facility from the opposite party No. 2 – financier. The complainant’s above machine was duly insured with the opposite party No. 1 for the period from 10.12.2015 to 09.12.2016 vide Contractors Plant and Machinery Insurance Policy bearing No. 2502024415P110634957 for a sum of Rs. 45,00,000/- against all the risks. During the currency of the insurance policy, the insured machine got damaged in an accident on 18.12.2015 at about 2:30p.m. while working at Jakhol Liwadi – Fitari Motor Road. The intimation of the accident was