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may 2022

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.

IFFCO TOKIO GENERAL INSURANCE COMPANY LTD. vs M/S NEW INDIA DETERGENTS LTD. · Niyam