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january 2016

Supreme Court of India · 2016-01-13

UNITED INDIA INSURANCE CO. LTD. vs M/S. ORIENT TREASURES PVT. LTD.

Citation / case number
SC 2007/11074
Court
Supreme Court of India
Petitioner
UNITED INDIA INSURANCE CO. LTD.
Respondent
M/S. ORIENT TREASURES PVT. LTD.
Author
Abhay Manohar Sapre
Bench
ABHAY MANOHAR SAPRE J. CHELAMESWAR

Judgment text excerpt

The Supreme Court upheld the order of the National Consumer Disputes Redressal Commission under Section 23 of the Consumer Protection Act, 1986, which directed the appellant-insurance company to pay Rs.36,10,211/- with interest and costs to the respondent. The Court emphasized that the insurance company had a duty to honor the claim based on the surveyor's assessment of the loss due to burglary. The judgment reinforced the principle that insurers must act in good faith and fulfill their contractual obligations to policyholders.

UNITED INDIA INSURANCE CO. LTD. vs M/S. ORIENT TREASURES PVT. LTD. · Niyam