Consumer commission NCDRC has directed an insurance company to pay Rs 2.57 crore claim plus compensation to Hindustan Aeronautics Ltd for its consignment that was damaged in transit, instead of only Rs 14.18 lakh offered by the company. The National Consumer Disputes Redressal Commission (NCDRC) directed New India Assurance Company to pay compensation to HAL at the rate of 9 percent to HAL. “I hold that the Opposite Party (New India Assurance Company) was not justified in reducing the assessed amount from Rs 2.57 crore to Rs 14.18 lakh. The complainant therefore is entitled to recover the assessed amount from the OP along with appropriate interest,” said NCDRC Presiding member V K Jain.
