National Insurance Company Ltd vs Nipha Exports Pvt. Ltd

The Supreme Court upheld the National Consumer Disputes Redressal Commission's order directing National Insurance Company Ltd. to pay interest at 6% on Rs.70,38,038/- for the delay in payment from 10th December 1990 to 8th June 1994. The Court found that the delay was attributable to the insurance company's failure to settle the claim promptly, despite the claim being finalized on 8th April 1994. The Court ruled that the respondent was entitled to interest as damages for the delay in payment, affirming the Commission's decision.