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NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION, NEW DELHI
Judge, J
Company – Appellant
Versus
United India Insurance Company – Respondent
| Table of Content |
|---|
| 1. claim filed for consequential loss after property damage. (Para 1 , 2) |
| 2. insurance company contests claim citing exclusions. (Para 3 , 4) |
| 3. complainant asserts loss entitlement despite exclusion clauses. (Para 8 , 9) |
| 4. court affirms coverage for losses under appropriate insurance policies. (Para 15 , 16) |
| 5. court rules in favor of complainant, directing compensation. (Para 17 , 18) |
1. This complaint is filed for a claim of Rs. 3,06,54,018 along with interest @ 21% p.a. from 25.7.2008 till the date of actual payment and for Rs. 1.00 crore towards mental harassment and also claiming cost of litigation in respect of Consequential Loss (fire) policy bearing No. 201100/11/07/07/00000364 ( hereinafter referred to as ˜Policy No. 2').
2. The brief facts of the case as narrated by the complainant in the complaint are that it is a Company incorporated under the Companies Act, 1956 having its registered office at Village Bhamian Kalan, Tajpur Road, Ludhiana. Complainant vide its resolution dated 5.5.2011 of the Board of Directors authorized Shri V. Krishnan to file the present complaint. It is submitted that the company was set up in the year 1996 and had a turn over of Rs. 25
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