*Non-Payment of Full Amount of Insurance Claim within 30 days of Date of Loss to the Customer - Direction issued to Insurance Co. to pay Interest amount of more than Rs. 2 crores and imposes costs of more than Rs. 95 lacs in addition to the principal amount of insurance claim - Petition filed by insurance company challenging such amounts found to be without merit - Held, liability of insurance company to pay interest amount in addition to claim amount will be even for the period prior to filing of the case in Court* - OICL v. April USA Assistance Inc [2021] GCtR 2514 (Delhi)
Tuesday, September 23, 2025
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