NEW INDIA ASSURANCE CO.LTD. vs B SHANTILAL & CO.. — SLP(C) No. 21548/2011

Case under Section XVII-A. Status: Disposed.

Disposed

CNR: SCIN010237412011

Filing Date

01-Aug-2011

Registration No

SLP(C) No. 21548/2011

Diary Number

23741/2011

Order Date

19-Aug-2011

Document Type

ROP - of Main Case

Disposal Type

Dismissed

Last updated 06-Jul-2026

Acts & Sections

Section XVII-A

Petitioner(s)

  1. 1.NEW INDIA ASSURANCE CO.LTD.

    Adv. RAJESH KUMAR GUPTA

Respondent(s)

  1. 1.B SHANTILAL & CO..

    Adv. NIKHIL NAYYAR (Dead / Retired / Elevated)

Case History

  1. Case disposedDisposed

  2. 19-Aug-2011

    ROP - of Main CaseView PDF

  3. 01-Aug-2011

    Case filed

    Registration No. SLP(C) No. 21548/2011

View Full Judgment
casestatus.in Summary

Case Summary: SLP(C) No. 021548/2011 Outcome: The Supreme Court dismissed New India Assurance Co.'s special leave petition, upholding the National Consumer Disputes Redressal Commission's order. The Court affirmed that the insurer must pay Rs. 9,95,000 with 10% interest plus Rs. 75,000 compensation to B Shantilal & Co. for a genuine diamond robbery claim under their Jewellers' Block Insurance Policy (1989-1990). Key Finding: The Court held that the insurer's refusal to reimburse the surveyor-assessed loss was unjustified. Despite delayed FIR filing and pending criminal proceedings, the circumstances (threats forcing partners to flee) were reasonable, and the criminal court's acquittal did not disprove the robbery claim. This case analysis is maintained by casestatus.in based on publicly available court records.

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