NCDRC

NCDRC

RP/1555/2012

LIC OF INDIA - Complainant(s)

Versus

KESHAV KANTH INANI - Opp.Party(s)

MR. ANOOP K. KAUSHAL

17 May 2017

ORDER

NATIONAL CONSUMER DISPUTES REDRESSAL COMMISSION
NEW DELHI
 
REVISION PETITION NO. 1555 OF 2012
 
(Against the Order dated 06/01/2012 in Appeal No. 600/2009 of the State Commission Andhra Pradesh)
1. LIC OF INDIA
H-39 New Asiatic Building,Iind floor Back Side,Cannaught Place
New Delhi - 110 001
Delhi
...........Petitioner(s)
Versus 
1. KESHAV KANTH INANI
S/o Late Sh Sampat kumar Inani, C/o Srinidhi Enterprises, 7-2-6/2 Sajanlal Street,Monda Market
Secunderabad - 500003
A.P
...........Respondent(s)

BEFORE: 
 HON'BLE MR. JUSTICE D.K. JAIN,PRESIDENT
 HON'BLE MRS. M. SHREESHA,MEMBER

For the Petitioner :MR. ANOOP K. KAUSHAL
For the Respondent :
NEMO (ex parte vide order dtd.19.03.2013)

Dated : 17 May 2017
ORDER

ORDER (ORAL)

Having regard to the quantum of compensation, i.e. ₹1,00,000/- awarded by the State Commission against the Children Money Back

-2-

Policy, obtained by Complainant’s father in his name, we do not find it to be a fit case for exercise of our Revisional Jurisdiction.  Accordingly, without going into the merits of the issues sought to be raised in the Revision Petition by the Life Insurance Corporation of India, we uphold the directions with regard to payment of the afore-said amount. 

               Nevertheless, having regard to the facts and circumstances of the case, and bearing in mind the fact that the Complainant has chosen not to contest this Petition, we direct that the Insurance Company shall not be liable to pay interest, as awarded in the impugned order.

               It goes without saying that while remitting the aforesaid amount, as awarded by the State Commission to the Complainant, the Insurance Company shall be entitled to account for the amount which has already been paid to the Complainant.

               The Revision Petition stands disposed of in the above terms with no order as to costs.

 

 
......................J
D.K. JAIN
PRESIDENT
......................
M. SHREESHA
MEMBER

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