1. Mr. Subhash Chandra, Member - This revision petition assails the order dated 23.9.2011 of the State Consumer Disputes Redressal Commission, Bihar, Patna (in short, 'State Commission') in First Appeal No. 633 of 2007 by which the order of the District Consumer Disputes Redressal Forum, Gaya (in short, the 'District Forum') dated 18.10.2007 in consumer complaint number 117 of 2006 was upheld. The impugned order of the District Forum has directed the revision petitioner / Insurance Company to pay Rs.14,74,000 along with interest at 8% per annum from 15.9.2006 till realization along with Rs.2,000 by way of compensation for mental agony and litigation cost.

2. The facts of the case, in brief, are that the complainant / respondent M/s Sunil Pharma who is a wholesale stockist of medicines, had obtained a shop insurance policy for Fire and Burglary for an amount of Rs.16,00,000 for the stock of medicines and Rs.1,00,000 towards furniture in the shop. The policy was valid from 13.2.2006 to 12.2.2007. He had also obtained a credit loan facility of Rs.15,00,000 from the State Bank of India, Purani Godown, Gaya and hypothecated the entire stock in the name of the bank for which a monthly sta