Supreme Court of India
Madhav Hari Joshi v. Divisional Manager, Life Insurance Corporation of India & Anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
In view of the foregoing discussion, we are of the view that orders of the High Court are unsustainable and are hereby set aside.
Judgment, page 15
From the headnote
Consumer Protection: Deficiency of service – Appellant-consumer submitted a proposal to Life Insurance Corporation (LIC) under one of its plans – Alongwith proposal, paid Rs.1,75,000/- –The policy not issued nor money refunded – Complaint seeking refund of money with interest and also compensation of Rs.5,00,000/- – District Forum directed refund of the amount and in addition compensation of Rs.4,25,000/- – State Commission confirmed the order – National Commission maintained the order of refund alongwith 12% interest, but refused the compensation – Review petition dismissed – On appeal…
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