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NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION
A.P. Sahi, President, Bharatkumar Pandya, Member
M/s A.P. Knitwears, House No. 518, Street No. 4, Rahon Road, Ludhiana, Punjab – Appellant
Versus
SBI General Insurance Co. Ltd. – Respondent
| Table of Content |
|---|
| 1. facts of claim and initial assessment. (Para 1 , 2) |
| 2. appellant's arguments against the surveyor's assessment. (Para 4 , 5) |
| 3. court's confirmation of surveyor's report validity. (Para 6 , 7) |
| 4. final decision regarding the appeal. (Para 8) |
ORDER
PER BHARATKUMAR PA ND YA. MEMBER
1.The present appeal has been filed by the appellant/complainant against the order dated 15.12.2021 passed by the State Commission whereby State Commission partly allowed the consumer complaint allegedly without considering the important facts of the case. The brief facts of the case are that the appellant obtained a credit limit of Rs.40 lakhs from R-2/State Bank of India. In order to secure this loan amount, R-2 purchased insurance policy in the name of the appellant from R-1 SBI General Insurance Company for the period 05.12.2018 to 04.12.2019. Stocks of hosiery goods of the appellant covering the risk of Rs.54 lakhs was insured for which appellant paid a premium of Rs.13,383/-. On 06.02.2019 proprietor of the appellant company, when he had gone to his native village, came to know that at about 4.00 AM a fire had taken place in the factory premises. Two fire brigades IHGFEDCBA were used to
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