NEW INDIA ASSURANCE CO.LTD. vs PRIYA BLUE INDUSTRIES PVT. LTD.

The Supreme Court upheld the National Consumer Disputes Redressal Commission's decision under Section 23 of the Consumer Protection Act, 1986, which directed the appellant insurance company to pay Rs. 13.69 crores with interest for the total loss of a vessel during its voyage due to insured perils. The Court affirmed that the proximate cause of the loss was covered under the marine insurance policy, specifically referencing the Institute Voyage Clause. The ruling emphasized the insurer's liability in cases of total loss caused by fortuitous events at sea.