NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION, NEW DELHI
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Tirupati Vinyl India Private Limited v. United India Insurance Company Limited
1. Present Appeal has been filed against the Order dated 7.5.2013 passed by the State Consumer Disputes Redressal Commission, Rajasthan at Jaipur (hereinafter to be referred to as “State Commissionâ€), whereby the Complaint filed by the Complainant was partly allowed and the Respondent was directed to pay 16,40,262 to the Complainant, being the full and final settlement after loss assessed by M/s. Apex Assessors Pvt. Ltd / the Second Surveyor. The Respondent was also directed to pay interest @9% on the above amount from 01.06.2010 till date of realisation along with 1,00,000 payable towards mental agony and hardships.
2. Brief facts of the case as narrated in the Complaint are that the Complainant, a company incorporate under the Companies Act, 1956, is engaged in the business of manufacturing and selling of products made from plastic. Complainant had taken a “Standard Fire and Special Perils Policy†bearing Policy No. 140400/11/09/11/00000627 from the Respondent, United India Insurance Company Limited (hereinafter referred to as the Insurance Company) for a sum of 1,00,00,000 from 26.8.2009 to 25.8.2010 for covering risk of “storage of Non - hazardeous goods subject to war
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