Insurance firm directed to pay ₹11.29 crore for delay in settling fire claim
A consumer forum has held an insurance company guilty of deficiency in service for inordinate delay and arbitrary repudiation of a fire insurance claim and directed it to pay ₹11.29 crore with interest to an India–Japan joint venture enterprise whose factory was gutted in a fire. The complainant Mipalloy Nomura Plating Company LLP, Sriperumbudur, a…