NATIONAL INSURANCE CO.LTD. vs M/S HARESHWAR ENTERPRISES (P) LTD.

The Supreme Court addressed an appeal by National Insurance Company Ltd. against the NCDRC's order directing the insurer to pay a claim of Rs.79,34,703/- with interest. The court examined the distribution of the awarded amount between the secured creditors and upheld the NCDRC's decision, affirming the insurer's liability to compensate the insured. The judgment clarifies the insurer's obligations in the context of claims involving multiple secured parties.