Insurer ordered to pay Rs 8.06 cr to Swiss firm subsidiary in 2019 fire claim dispute
India, Sept. 14 -- Seven years after a blaze destroyed the customs bonded warehouse of Victorinox India Pvt Ltd, a subsidiary of a Switzerland-based firm, a consumer commission here has directed an insurance company to pay over '8.06 crore for unfairly repudiating its fire insurance claim. The company's legitimate claim was rejected "solely on technical ground in a mechanical manner," the District Consumer Disputes Redressal Commission held in its order passed on September 2. The complainant firm is a wholly owned subsidiary of Switzerland-based Victorinox AG. It deals with export, import and distribution of travel bags, knives, luxury watches, cutlery and other consumer products manufactured by its parent company in India. The firm had t...
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