New India Assurance Co.Ltd Through Its ... vs Tata Steel Ltd

The Supreme Court allowed the change of name of the Complainant from 'Bhushan Steel Ltd' to 'Tata Steel Ltd' following a corporate merger. The Court upheld the NCDRC's order awarding Rs. 13,51,27,000/- to the Insured, rejecting the Insurer's appeal regarding the depreciation rate applied. The Court clarified that the base figure for calculating depreciation should be Rs. 20,09,95,000/- as determined by the NCDRC, affirming the compensation awarded to the Insured.