Authority: Supreme Court of India (Civil Appellate Jurisdiction)
Order Date: 16 October 2026
Case Overview
- Parties: KNR‑SLMI (Joint Venture) (appellant) vs Oriental Insurance Company Ltd (respondent).
- The dispute originated in 2013 when the appellant submitted a claim for loss; the National Consumer Disputes Redressal Commission (NCDRC) later limited interest entitlement to start from the date of repudiation, 12 June 2019.
- The respondent’s surveyor submitted a loss assessment report on 06 March 2014, yet the insurer delayed action for about five years.
- The assessed loss amount is Rs 2,49,69,435 (₹2.49 crore). Interest already paid pursuant to the NCDRC order, from 12 June 2019, may be deducted from the total.
Final Outcome
- The Supreme Court held the NCDRC’s restriction on interest unjustified, noting the cause of action arose in 2013.
- The appeal is allowed in part; the appellant’s entitlement to interest is restored to cover the period from 2013.
- Interest already paid from 12 June 2019 shall be deducted from the assessed loss.
- All pending applications, if any, are disposed of.
Topics: Insurance Claim, Consumer Dispute