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NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION, NEW DELHI
Shri K.K. Singh, J
Renuka Multipack Pvt. Ltd. v. Oriental Insurance Co. Ltd.
| Table of Content |
|---|
| 1. factual background of the complainant's loss due to fire. (Para 1 , 2 , 3) |
| 2. allegations of fraud and repudiation of claim by the insurer. (Para 4 , 5 , 6) |
| 3. assessment of evidence and legal standing regarding the claim. (Para 7 , 8 , 11) |
| 4. importance of surveyor's report and justifications for potential non-acceptance. (Para 12 , 13) |
| 5. final directive concerning payment and interest. (Para 14) |
1. The present Complaint is filed under S.21(a)(1) of the Consumer Protection Act , 1986.
2. The Complainant is a private Limited Company having its industrial unit and establishment at Plot No. M - 55, M.I.D.C., Waluj, Taluka Gangapur, Distt. Aurangabad, Maharashtra. The Complainant deals in the manufacture of plastic woven tape, fabric, bags, tarpaulin, tents, etc. Under the Central Government special scheme for ex - servicemen (SEMFEX - I) State Bank of India, Beed Branch had advanced a loan to their unit. As per the Bank Policy and procedure, depending on the loan advanced and other investments made therein, in the year 1998 the Bank got the Complainant unit insured by the Opposite Party Insurance Company at their Beed Branch Office.
3. The case of the Complainant is tha
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