(24) M/S. JAGDISH WOOLLEN'S (P) LTD. Vs. NEW INDIA ASSURANCE COMPANY LTD.[NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION] 11-11-2024
Insurance Policy — Complainant sought indemnification for fire damage valued at Rs. 3.10 crores — The insurance claim was for Rs. 1,03,83,335/-, but only Rs. 40,00,000/- was paid by Insurance Company — Whether the complainant is a consumer under the Consumer Protection Act, the validity of the surveyor's appointment, the reliability of the survey report, and the application of depreciation — The complainant argued for compensation based on reinstatement value, not depreciated value, and highligh
India Law Library Docid # 2420371