JUDGMENT

AVM J. RAJENDRA, AVSM VSM (Retd.), MEMBER

1. The present Consumer Complaint has been filed under Section 21 of the Consumer Protection Act , 1986 (for short “the Act”) against the Opposite Parties seeking to direct the OPs:

A. Direct the opposite party to pay Rs. 1,21,73,017/- being the balance amount of the actual loss after part payment made by the Ops

B Ops be directed to pay the loss and other consequential losses as stated above along with 18% per annum interest from the date of loss till its realization,

C That the Ops be directed to pay Rs. 25 Lacs as compensation towards harassment and mental caused to the complainant

D The Ops be directed to pay the aforementioned sum along with cost of Rs. 3 Lacs.

E And or any other relief to the complainant and against the O.P. as this Commission deems fit and proper in the facts and circumstances of the case in the interest of Justice.”

2. Brief facts of the case, as per the Complainant, are that the Complainant is a partnership firm engaged in manufacture of transformers of various capacities since the year 2009 and registered with requisite statutory authorities. The firm has obtained an insurance policy from the opposite parties (