M/S WORLDFA EXPORTS PVT LTD. vs NEW INDIA ASSURANCE CO. LTD & ORS.

Judgment text excerpt

* IN THE HIGH COURT OF DELHI AT NEW DELHI Date of decision: 19th MARCH, 2026 IN THE MATTER OF: + CS(COMM) 269/2019, I.A. 7461/2019 M/S WORLDFA EXPORTS PVT LTD. .....Plaintiff Through: Mr. Shashank Garg, Sr. Adv. with Mr. Dinesh Sharma, Ms. Ritika Jhurani, Mr. Abhishek Kandwal, Mr. Prithvi, Ms. Nistha Jain, Ms. Aaradhya Chaturvedi, Ms. Gauri Bansal, Advs. versus NEW INDIA ASSURANCE CO. LTD & ORS. .....Defendants Through: Mr. Prem Kishore Seth, Ms. Alana Mohammed, Advocates. CORAM: HON'BLE MR. JUSTICE SUBRAMONIUM PRASAD JUDGMENT 1. Aggrieved by the letter dated 18.07.2018, issued by the Defendant No.1, repudiating the claim of the Plaintiff under a Standard Fire and Special Perils Policy, the Plaintiff has approached this Court by filing the present Suit seeking the following reliefs: “a. Issue appropriate order/direction allowing the Instant Plaint; b. Declare that the impugned letter/order of repudiation dated 18.07.2018 is illegal and void ab initio and the same be quashed and set aside. c. Issue a money Decree directing the Defendant no.1 to pay to Plaintiff a sum of Rs. 4,69,99,729/- along with pre Signature Not Verified Signed By:RAHUL CS(COMM) 269/2019 Page 1 of 23 SINGH Signing Date:21.03.2026 21:05:18 litigation interest amounting to Rs 1,51,12,022/- @18% p.a. on entire duration of delay in assessing the Plaintiffs claim till the filing of the suit and additional interest pendent lite and further interest till the date of actual payment. d. Pass such other and further orders as may be deemed fit, just and proper in the peculiar facts and circumstances of the present case.” 2. Shorn of unnecessary details, the facts of the case, as discernible from the material on record, are as under: a. The Plaintiff took a Standard Fire and Special Perils Policy bearing No.3120