Supreme Court of India · 2018-01-10
I.C. Sharma vs The Oriental Insurance Co. Ltd.
- Citation / case number
- AIR 2018 SUPREME COURT 416
- Court
- Supreme Court of India
- Petitioner
- I.C. Sharma
- Respondent
- The Oriental Insurance Co. Ltd.
- Author
- Deepak Gupta
- Bench
- Deepak Gupta, Madan B. Lokur
Judgment text excerpt
The Supreme Court addressed the appeal concerning the National Consumer Disputes Redressal Commission's orders regarding an insurance claim under the Insurance Act. The Court held that the appellant was entitled to compensation for the stolen items based on the insurance policy terms, emphasizing the need for proper documentation of insured items. The Court ultimately upheld the National Commission's revised award, granting the appellant compensation for various losses and litigation costs, while clarifying the implications of under-insurance and policy terms.