Niyam v2 is live — start for just ₹100 — 200 credits to try

november 2023

Supreme Court of India · 2023-11-24

New India Assurance Co. Ltd. vs M/S. Mudit Roadways

Court
Supreme Court of India
Petitioner
New India Assurance Co. Ltd.
Respondent
M/S. Mudit Roadways
Author
Hrishikesh Roy
Bench
Sanjay Karol, Hrishikesh Roy

Judgment text excerpt

The Supreme Court examined an appeal against a consumer dispute resolution order requiring an insurance company to pay a substantial fire insurance claim with interest. The Court analyzed the validity of the claim denial and the interest awarded, emphasizing the importance of timely settlement of insurance claims under consumer protection laws. The Court upheld the NCDRC's order, affirming the insurer's liability to pay the claim along with interest, and clarified the legal obligations of insurance companies in such cases.

New India Assurance Co. Ltd. vs M/S. Mudit Roadways · Niyam