Supreme Court of India
Madhav Hari Joshi v. Divisional Manager, Life Insurance Corporation of India & Anr.
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 foregoing discussion, we are of the view that orders of the High Court are unsustainable and are hereby set a side.
Judgment, page 15
From the headnote
Consumer Protection: Deficiency of service – Appellant-consumer submitte d a proposal to Life Insurance Corporation (LIC) under one of its plans – Alongwith proposal, paid Rs.1,75,000/- –The poli cy not issued nor money refunded – Complaint seeking refund of mo ney with interest and also compensation of Rs.5,00,000/- – istrict Forum directed refund of the amount and in addition compe nsation of Rs.4,25,000/- – State Commission confirmed the order – Na tional Commission maintained the order of refund alongwith 12% inter est, but refused the compensation – Review petition dism issed – On
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