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Oriental Insurance Company Limited
5 articles
Recent settlements and court decisions highlight increased scrutiny and financial obligations for Oriental Insurance Company Limited. Across multiple cases heard by the Supreme Court's Special Lok Adalats, the insurer has agreed to pay out substantial additional settlements, ranging from Rs 2.5 lakh to Rs 35 lakh, on top of existing High Court awards. These resolutions, often involving contributory negligence or appeals against compensation awards, underscore the ongoing legal risks associated with insurance claims and the potential for significant payouts. Investors should monitor Oriental Insurance's legal reserves and loss ratios to assess the impact of these settlements on profitability and future financial performance.
Oriental Insurance Appeal Dismissed, Rs12.24L Upheld
The High Court of Chhattisgarh dismissed Oriental Insurance’s appeal against a Rs 12,23,840 compensation award for the death of Virendra Sahu.
The Tribunal directed the insurer to pay the award first
Oriental Insurance to Pay Rs 21L Settlement
Petitioners V. Sujatha & others settled claim against Oriental Insurance Company Ltd in Supreme Court Special Lok Adalat.
Respondent agreed to pay petitioners an additional Rs 21,00,000 over the High
Oriental Insurance Settlement Reduces Compensation to Rs30.08M
Supreme Court Special Lok Adalat disposed petition after settlement reducing compensation from Rs51.33 million to Rs30.08 million due to contributory negligence.
Petitioner Tapan Champaneria must refu
Oriental Insurance Pays Rs 35 Lakh Settlement
The Supreme Court’s Special Lok Adalat heard Petition No. 22992/2024 filed by Khule Bai & Ors against Mansoor Khan & Ors.
Settlement reached where Oriental Insurance Company Limited agreed to pay addi
Oriental Insurance Pays Rs.2.5 Lakh Settlement
Supreme Court Special Lok Adalat resolved Petition No. 17045/2024 between Chitrakut Meher & Santosh Kumar Jaiswal, disposing the case.
Respondent Oriental Insurance Company Limited agreed to pay a lum