United India Insurance Co. Ltd. VS Raghava Ispat

Judicial Analysis Court Copy Headnote Facts Arguments Court observation

SUBHASH CHANDRA, SADHNA SHANKER
United India Insurance Co. Ltd. – Appellant
Versus
Raghava Ispat – Respondent

Advocates:
Counsel for the Parties:
For the Appellants:Ms. Nanita Sharma, Advocate
For the Respondent:Mr. K. S. Rama Rao, Advocate

ORDER

Subhash Chandra, Presiding Member.—This first appeal under Section 19 of the Consumer Protection Act, 1986 (in short, ‘the Act’), challenges the order dated 03.03.2017 of the Telangana State Consumer Dispute Redressal Commission, Hyderabad in CC No. 39 of 2010, allowing the complaint and directing the opposite party (appellant herein), to pay the respondent a sum of Rs 29,07,000/-, together with interest @ 9% from the date of repudiation (19.11.2008) till realization, together with costs of Rs 3,000/- within 4 weeks.

2. The delay of 179 days in the filing of this first appeal was considered in the light of IA 15483 of 2017, and for the reasons stated therein, the delay was condoned in the interest of justice.

3. We have heard the learned counsel for both the parties and produced the records carefully.

4. The relevant facts of this case, in brief, are that the appellant is engaged in the business of rolling steel making and for this purpose it has a plant to manufacture MS ingots. The respondent obtained a Standard Fire and Special Perils policy (in short, ‘the Policy’) for the period 16.05.2008 to 15.05.2009 to cover the building, plant and machinery in the insured premises o