L COMPS AND IMPEX PVT LTD vs UNITED INDIA INSURANCE CO LTD

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Reserved on: 12th February, 2026 Pronounced on: 23rd March, 2026 + RFA-294/2023 M/S L-COMPS & IMPEX PVT. LTD. 809-A International Trade Tower, Nehru Place, New Delhi- 110019, And Registered office at: 182/63 Industrial Area Phase-I, Chandigarh .....Appellant Through: Mr. Anunaya Mehta, Mr. Inder Adhikari, Mr. Vidhan Malik and Ms. Anandita Tayal, Advocates. versus M/S UNITED INDIA INSURANCE CO. LTD. Through its Manager/Secretary/MD, 24, Whites Road, Chennai-00014, And Regional Office at: K-31, Connaught Place, New Delhi-110001 .....Respondent Through: Mr. Ravi Bakshi, Advocate. CORAM: HON'BLE MS. JUSTICE NEENA BANSAL KRISHNA J U D G M E N T NEENA BANSAL KRISHNA, J. 1. This Regular First Appeal is directed against the Judgment and Decree dated 22.11.2022 whereby the Ld. Additional District Judge dismissed the suit for Recovery filed by the Appellant/Plaintiff, M/s L-Comps & Impex Pvt. Ltd. Signature Not Verified Signed By:VIKAS RFA 294/2023 Page 1 of 12 ARORA Signing Date:24.03.2026 13:13:05 2. Briefly Stated, the Appellant is a Private Limited Company, engaged in manufacture and trading of FMCG products, including food items, with its registered office at Chandigarh and its corporate office at Nehru Place, New Delhi. The Respondent is a Public Sector Insurance Company, carrying on general insurance business, with its head office at Chennai and regional office at Connaught Place, New Delhi. 3. On 18.02.2014 the Respondent issued in favour of the Appellant, a composite “Standard Fire and Special Perils / Burglary” Policy bearing No. 110200/11/13/11/00000287 for the period 18.02.2014 to 17.02.2015, for a total sum insured of ₹6,95,00,000/-, upon payment of premium of ₹52,125/-. Consequently, the stock lying in the Appellant’s godo