Supreme Court of India · 2022-05-06
IFFCO TOKIO GENERAL INSURANCE COMPANY LTD. vs M/S NEW INDIA DETERGENTS LTD.
- Citation / case number
- SC 2022/10329
- Court
- Supreme Court of India
- Petitioner
- IFFCO TOKIO GENERAL INSURANCE COMPANY LTD.
- Respondent
- M/S NEW INDIA DETERGENTS LTD.
- Author
- HON'BLE THE CHIEF JUSTICE
- Bench
- HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE S. RAVINDRA BHAT, HON'BLE MR. JUSTICE PAMIDIGHANTAM SRI NARASIMHA
Judgment text excerpt
The Supreme Court dismissed the appeal by IFFCO-TOKIO General Insurance Company against the National Consumer Disputes Redressal Commission's order, which had directed the insurance company to pay storage charges to M/s New India Detergents Ltd. The court affirmed that the claim was not covered by the exclusion clause in the insurance policy, thus upholding the Commission's decision. The time for payment was extended by six weeks, with interest applicable if the payment was not made within that period.