Supreme Court of India
Saurashtra Chemicals Ltd. (presently Known as Saurashtra Chemicals Division of Nirma Ltd.) v. National Insurance Co. Ltd.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In view of the aforesaid analysis the appeal stands allowed and the impugned judgment and the order of the NCDRC is set as ide.
Judgment, page 13
From the headnote
Consumer Protection – Loss of stock of goods insured – Cla im for – Appellant-company purchased a standard fire a nd special perils policy from the respondent-insurer and furth er paid a additional premium to cover the risk of loss of the stock on account of spontaneous combustion – Thereafter, appellant was d eclared a sick unit and its factory was closed for some time – Afte r re-opening it was noticed that some amount of stock of coal an d lignite was diminished/destroyed on account of spontaneous comb ustion, causing loss and damage – Appellant demanded claim of Rs.1.4 crores on account
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