ORCHID IMPEX Vs. UNITED INDIA INSURANCE COMPANY LTD

JUDGEMENT

(1.) Heard Mr. Shiddharth Nath, Advocate, for the complainants and Mr. Amit Kumar Singh, Advocate, for the opposite party.

(2.) Orchid Impex (the Insured) and Central Forex General Trading have filed above complaint for directing United India Insurance Company Limited (the Insurer) to pay (i) Rs.23601447.00, with interest @12% per annum from 25/7/2013 till the date of payment, as insurance claim; (ii) costs of litigation; and (iii) any other relief which is deemed fit and proper, in the facts and circumstances of the case.

(3.) The facts as stated in the complaint and emerged from the documents attached with it, are as follows:-