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.