The Maharashtra State Consumer Disputes Redressal Commission has passed an order to attach the Fort office of the Oriental Insurance company, as the company failed to comply with its order to pay Rs 27 lakh as compensation to a jeweller.
Amrit Shah, a wholesale gold dealer, had filed a case with the consumer commission in October 2006, when the insurance company failed to pay his claim. The commission ruled in favour of Shah, and ordered the insurance company to pay Rs 27 lakh, with an interest of six per cent per annum on November 2007. However, the insurance company kept delaying the payment.
Fed up, Shah approached the commission again and the commission ordered the collector to attach the manager's office, until the company complies with the order.
Somrendra Arora, senior Division Manager, Oriental Insurance company, Fort branch, said "As it is a huge amount we sent the proposal to our head office in Delhi. And they have also approved the amount." However, he refused to comment on the attachment of the manager's cabin at the Fort office.
The case
Shah's jewellery store was looted in 2004, and gold worth Rs 25.7 lakh and Rs 1.5 lakh was found missing. The police arrested Shah for framing the robbery. Due to his arrest, the insurance company denied the compensation. Shah was acquitted in the case in 2005. A year later, Shah approached the consumer commission.
Amrit Shah, a wholesale gold dealer, had filed a case with the consumer commission in October 2006, when the insurance company failed to pay his claim. The commission ruled in favour of Shah, and ordered the insurance company to pay Rs 27 lakh, with an interest of six per cent per annum on November 2007. However, the insurance company kept delaying the payment.
Fed up, Shah approached the commission again and the commission ordered the collector to attach the manager's office, until the company complies with the order.
Somrendra Arora, senior Division Manager, Oriental Insurance company, Fort branch, said "As it is a huge amount we sent the proposal to our head office in Delhi. And they have also approved the amount." However, he refused to comment on the attachment of the manager's cabin at the Fort office.
The case
Shah's jewellery store was looted in 2004, and gold worth Rs 25.7 lakh and Rs 1.5 lakh was found missing. The police arrested Shah for framing the robbery. Due to his arrest, the insurance company denied the compensation. Shah was acquitted in the case in 2005. A year later, Shah approached the consumer commission.
Source: http://www.mid-day.com/news/2008/nov/241108-Oriental-Insurance-Company-Fort-Office-Order-to-pay-claim-Jewellers-compensations-Mumbai-News.htm
No comments:
Post a Comment