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1 - 4 of 4 (0.20 seconds)Section 64 in The Insurance Act, 1938 [Entire Act]
M/S New India Assurance Co. Ltd vs M/S Luxra Enterprises Pvt Ltd on 1 May, 2019
bl izdkj losZ;j us foLr`r {kfr dk vkadyu djds {kfr dk fu/kkZj.k fd;k
gS] losZ;j ij lgh fglkc u djus ds fy, fdlh izdkj dk vkjksi ugha gSA losZ
fjiksVZ ,d egRoiw.kZ nLrkost gSA
bl lac/a k esa (2019) 6 Supreme Court Cases 36 NEW
INDIA ASSURANCE COMPANY LIMITED Vs. LUXRA
ENTERPRISES PRIVATE LIMITED AND ANOTHER
WITH LUXRA ENTERPRISES PRIVATE LIMITED AND
ANOTHER Vs. NEW INDIA ASSURANCE COMPANY
LIMITED esa ekuuh; loksZPp U;k;ky; us fuEu fu/kkZfjr
fd;k gS %& Complainant is an Industrial Unit engaged in
manufacture of garments. had obtained a policy of insurance for
risk of fire with assured sum of Rs. 85,00,000/-.and
Complainant lodged a claim for loss due to fire incident in its
factory - Claim of Rs. 54,93,865 was accepted by first
surveyor, second surveyor accepted claim in sum of Rs.
24,76,585 while third surveyor recommended total repudiation
of claim and it was third surveyor's report which subserved
interest of Insurance Company which was made basis of
repudiation of claim of complainant of same day, when report
was furnished - On facts, held, there was no valid reason for
Insurance Company not to accept report of first surveyor nor
was there any proof that such report was arbitrary and excessive
and there were no cogent reasons to appoint surveyors time and
again till such time one surveyor gives a report which could
satisfy the interest of Insurance Company -Held, appointment
of surveyors was to repudiate claim of complainant on one
pretext or the other - Thus, order of National Commission
awarding a sum of Rs. 54,93,865/- as compensation for loss
suffered on account of damage by fire to complainant, upheld -
However, complainant also held entitled to interest on amount
of Rs 54,93,865/- @ 6% p.a. from date of filing of petition till
payment of amount consumer protection - Services - Insurance
M/S. Luxra Enterprises Pvt. Ltd. vs New India Assurance Co. Ltd. . on 17 November, 2015
bl izdkj losZ;j us foLr`r {kfr dk vkadyu djds {kfr dk fu/kkZj.k fd;k
gS] losZ;j ij lgh fglkc u djus ds fy, fdlh izdkj dk vkjksi ugha gSA losZ
fjiksVZ ,d egRoiw.kZ nLrkost gSA
bl lac/a k esa (2019) 6 Supreme Court Cases 36 NEW
INDIA ASSURANCE COMPANY LIMITED Vs. LUXRA
ENTERPRISES PRIVATE LIMITED AND ANOTHER
WITH LUXRA ENTERPRISES PRIVATE LIMITED AND
ANOTHER Vs. NEW INDIA ASSURANCE COMPANY
LIMITED esa ekuuh; loksZPp U;k;ky; us fuEu fu/kkZfjr
fd;k gS %& Complainant is an Industrial Unit engaged in
manufacture of garments. had obtained a policy of insurance for
risk of fire with assured sum of Rs. 85,00,000/-.and
Complainant lodged a claim for loss due to fire incident in its
factory - Claim of Rs. 54,93,865 was accepted by first
surveyor, second surveyor accepted claim in sum of Rs.
24,76,585 while third surveyor recommended total repudiation
of claim and it was third surveyor's report which subserved
interest of Insurance Company which was made basis of
repudiation of claim of complainant of same day, when report
was furnished - On facts, held, there was no valid reason for
Insurance Company not to accept report of first surveyor nor
was there any proof that such report was arbitrary and excessive
and there were no cogent reasons to appoint surveyors time and
again till such time one surveyor gives a report which could
satisfy the interest of Insurance Company -Held, appointment
of surveyors was to repudiate claim of complainant on one
pretext or the other - Thus, order of National Commission
awarding a sum of Rs. 54,93,865/- as compensation for loss
suffered on account of damage by fire to complainant, upheld -
However, complainant also held entitled to interest on amount
of Rs 54,93,865/- @ 6% p.a. from date of filing of petition till
payment of amount consumer protection - Services - Insurance
1