claimant/plaintiff a sum of
Rs.46,00,000/- (Rupees Forty Six Lacs only) being the
sum insured and interest thereon @ 18% per annum from ... suit seeking recovery of total sum of Rs.92,26,000/-, the
details of which are as under:-
Sum Insured Rs.46,00,000/-
Loss
mistake in the policy where the IDV i.e. the sum
insured was incorrectly mentioned as
Rs.12,76,000.00. The Plaintiff raised this issue ... sum insured/insured declared value
after the loss was reported. The principle involved
is that the part of the property was not insured
earlier
hereinafter referred as
'insured vehicle'). The sum insured was Rs. 46,00,000/-. It is
alleged by the plaintiff that a two page ... defendant is bound to compensate to plaintiff a sum
of Rs. 46.0 lakhs being the sum insured and interest thereupon @
18% per annum from
effective from 5:52 PM on 09.08.2019 to
08.08.2020, with a sum insured of Rs. 60,00,000/- (Rs. Sixty Lakhs
Only). This coverage includes ... that he had
taken Standard Fire and Special Perils Policy of the sum assured
value of Rs. 60,00,000/- (Rupees Sixty Lakhs Only) commencing
said policy was issued by Borivili (West),
Mumbai Branch. The total sum insured under the said policy was
28,36,00,000/- and the premium ... sum
insured was also increased and the premium was paid regularly.
4. It is stated that during all the years the defendant was
aware about
with Defendant. The Defendant
issued the CAR Policy insuring the Plaintiff and DMRC against
the insured sum of Rs. 417 crore for the period commencing ... indemnified by the
Defendant to the extent of the sum insured under CAR Policy.
Plaintiff had been diligently executing the works awarded under
the Contract
liable to pay the interest @ 18% per annum
on the sum insured. It has been further stated that the sum insured ... been
further stated that the plaintiff is neither entitled for the sum
insured nor for the interest as claimed by the plaintiff. It has been
plaintiff is held entitled to recover a
sum of Rs. 9,00,000/- (total sum insured) of the stolen vehicle
from the defendant.
ISSUE ... interest, The plaintiff has claimed interest @ 18% per
annum on the sum insured amount, along with pendente lite and
future interest at the same rate
which, commission was
paid to the agent on the premium of the insured. The said
statement bears the signatures of Sh. Amiya Kumar ... policies from NIC, Delhi, DOX, showing
name of insured, policy numbers, sum assured, claim
number and total premium paid, copy of the same
insufficient funds in their account. It is stated that
the owner / insured was duly intimated about the cancellation of
the policy through a letter / correspondence ... certain sum of money to
a certain person. It involves a promise that such money
would be paid.
18. Thus, when the insured fails
