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Insurance (Amendment) Act, 1968

3 judgments · newest first · showing 1–3

THE NEW INDIA ASSURANCE CO. LTD.versusSRI BUCHIYYAMMA RICE MILL & ANR.

2020 INSC 71Appeal(s) allowed

The rice mill suffered a boiler collapse after a lorry allegedly collided with it, and the insurer, New India Assurance, repudiated the claim, citing overload as the cause. The insurer appointed a preliminary surveyor, a structural expert, an investigator, and a final IRDA‑licensed surveyor, all of …

M/S NEWS INDIA ASSURANCE CO. LTD.versusM/S LUXRA ENTERPRISES PVT. LTD. & ANR.

2019 INSC 607Disposed off

Luxra Enterprises (the complainant) insured its garment factory against fire for Rs 85 lakh. After a fire on 12‑07‑2000 it claimed the loss. The insurer’s head office appointed a first surveyor who accepted a loss of Rs 54,93,865. The insurer later appointed a second surveyor who reduced the loss to …

SRI VENKATESWARA SYNDICATEversusORIENTAL INSURANCE COMPANY LTD. AND ANR.

2009 INSC 1071Case Partly allowed

Sri Venkateswara Syndicate, a cotton trading partnership, suffered an accidental fire in its godown and claimed Rs.1.90 crore under its fire insurance policies with Oriental Insurance Company Ltd. The insurer appointed a series of surveyors – a licensed surveyor, joint surveyors, a second surveyor, …