1. Heard Mr. K.V. Girish Chowdary, Advocate, for the appellant and Mr. Dhruv Kumar, Advocate, for the respondent.

2. IFFCO TOKIO General Insurance Company Limited (the opposite party) has filed above appeal from the order of State Consumer Disputes Redressal Commission, Uttar Pradesh, dated 15.9.2015, allowing CC / 10/2010 and directing the appellant to pay Rs. 68,51,441 with interest @ 9% per annum, from the date of filing of the complaint till the date of payment and litigation cost of Rs. 30,000.

3. PNC Infratech Limited (the respondent) (the Insured) filed CC / 10/2010, for directing IFFCO TOKIO General Insurance Company Limited (the appellant) (the Insurer) to pay (i) Rs. 68,51,441 with interest @14.5% per annum under Regulation - 9 till actual payment, as the insurance claim, (ii) Rs. 50,000 as incidental expenses, (iii) Rs. 40,000 as cost of the litigation; and (iv) any other relief, which is deemed fit and proper in the facts and circumstances of the case.

4. The complainant stated that the Insured was a company, registered under the Companies Act, 1956 and engaged in the business of construction of road and other like projects. The Insured was granted Rehabilitation Contract