Authority: Supreme Court of India
Order Date: 13 October 2026
Case Overview
- Petition for Special Leave to Appeal (C) No. 3998/2021 filed by Oriental Insurance Co. Ltd against Surender Kohli, arising from NCDRC order dated 29‑01‑2021 in FA No. 726/2020 concerning an insurance claim on a machine.
- The dispute involves the amount payable for the machine after accounting for depreciation over five years; the respondent had previously deposited Rs 17,06,870, which was later withdrawn.
- A mediation report was received, indicating parties were exploring an amicable resolution.
Court Observations and Directions
- The Court, after hearing counsel Mr. Yashish Chandra (petitioner) and Sr. Adv. Shailesh Madiyal (respondent), noted the value paid by the respondent and the depreciation, and proposed that the matter could be settled at Rs 25,00,000.
- The petitioner‑insurance company would need to pay the difference between Rs 25,00,000 and the already deposited Rs 17,06,870.
- Counsel for the petitioner was granted time to obtain further instructions; counsel for the respondent may also take instructions in the meantime.
- The matter was listed for further hearing on 03 November 2026 at 2:00 PM.
Final Outcome
- The Court directed the parties to consider a settlement of Rs 25,00,000, with the petitioner to assess the feasibility and respond, and scheduled the next hearing for 03‑11‑2026.
Topics: Insurance Claim Settlement, Court Proceedings