https://www.taxtmi.com/caselaws?id=441484 The NCDRC found the insurance company's repudiation of the claim unjustifiable, awarding the appellant Rs. 17,64,097/- with 9% interest. The SC determined the lowest admissible loss as Rs. 75,87,750/-, ordering the insurance company to pay the balance of Rs. 45,18,263.20 to the appellant. The court upheld a 10% simple interest rate on the amount due. The respondent was directed to remit the balance amount with interest within six weeks, and the appeal was disposed of with each party bearing their own costs. en-us Tue, 08 Aug 2023 00:00:00 +0530 Thu, 10 Aug 2023 07:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441484 The NCDRC found the insurance company's repudiation of the claim unjustifiable, awarding the appellant Rs. 17,64,097/- with 9% interest. The SC determined the lowest admissible loss as Rs. 75,87,750/-, ordering the insurance company to pay the balance of Rs. 45,18,263.20 to the appellant. The court upheld a 10% simple interest rate on the amount due. The respondent was directed to remit the balance amount with interest within six weeks, and the appeal was disposed of with each party bearing their own costs. Case-Laws Indian Laws Tue, 08 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441484