MURALIDHAR SARANGI vs THE NEW INDIA ASSURANCE CO.

The Supreme Court held that the loss of the appellant's trucks due to terrorist action was covered under the insurance policies, as the acts of the Bodo terrorists constituted a 'malicious act' within the meaning of the policies. The Court overturned the National Consumer Disputes Redressal Commission's ruling, which had denied indemnification on the grounds that such acts were not covered. The Court directed the insurance company to pay the assessed amount for the loss sustained by the appellant, emphasizing the need for insurers to honor their contractual obligations under the policies.