Supreme Court · 2017 INSC 1054 · Decided 26 October 2017
Vishnu Bhagwan Agrawal & ANR. v. National Insurance CO. LTD.
- Court
- Supreme Court of India
- Citation
- 2017 INSC 1054 · [2017] 10 S.C.R. 278
- Case number
- CIVIL APPEAL No. 4661/2007
- Decided
- 26 October 2017
- Bench
- R.F. NARIMAN, SANJAY KISHAN KAUL (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Arbitration - Appellant kept jute stock, which was insured - Appellant subsequently purchased more stock of jute and asked C for increase in the value of the insurance policy - This, according to insurance company was not accepted - Raw jute involved in a fire incident - Dispute whether be valued as on the date of the fire or on the date of purchase - Appellant produced evidence in the form of purchase receipts of the value of stock of jute which amounted to Rs. 7031- per quintal - However, D this was not accepted in the survey done at the behest of the insurance company,
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