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NCDRC Rejects LIC's Contention of Concealment, Asks To Pay Rs15 Lakh Insurance Claim with 9% Interest

Upholding orders passed by the below fora, the national consumer disputes redressal commission (NCDRC) says when Life Insurance Corp of India (LIC) knew about the issuance of the previous insurance policy issued a day prior, fault cannot be attributed to the deceased policyholder regarding concealment of fact. It directed LIC to pay the Rs15 lakh insurance claim, along with an interest of 9%, to the brother of the deceased policyholder. ....

Pawan Kumar , Inder Jit Singh , Satwant Kaur Sandhu , Jagjit Singh , Life Insurance Corp , Mutual Fund Returns , Ank Fixed Deposits , Nvestor Returns , Ortfolio Allocation ,

M&M, Dealer Asked To Pay Rs4.80 Lakh with 9% Interest for Manufacturing Defects in Mahindra Renault Logan

While accepting that the customer had used the vehicle for 15,000km and hence cannot receive a full refund, the national consumer disputes redressal commission (NCDRC) directed Mahindra & Mahindra Ltd (M&M) and its Indore-based dealer Patwa Automotive Pvt Ltd to refund Rs4.80 lakh along with an interest of 9% from 18 November 2008, the day since the car was lying with the dealer, for manufacturing or inherent defect in the vehicle. ....

Madhya Pradesh , Antonio Paulo Vaz , Mahindra Renault Logan , Justice Sudip Ahluwalia , Shivani Tawani , Inder Jit Singh , Patwa Automotive Pvt Ltd , Tata Motors Ltd , Supreme Court , Mahindra Ltd , Patwa Automotive , Indore Based Shivani Tawani ,

NCDRC Directs HSBC Bank To Pay Rs. 15 Lakhs Compensation For Negligence And Deficient Service

The NCDRC allowed and disposed of a consumer complaint against HSBC Bank. The Presiding Member, Dr. Inder Jit Singh fined HSBC to pay Rs. 15 Lakhs as compensation for the mental agony, harassment, and. ....

Prachi Gupta , Milkhiram Goyel Anr , Vdit Gupta , Devmani Bansal , Pulkit Deora , Shresth Sethi , Shrinath Chaturvedi , Inder Jit Singh , Bank Branch , Supreme Court , Presiding Member , Anil Milkhiram Goyel ,

National consumer commission imposes Rs 15 lakh fine on HSBC for negligence

The National Consumer Disputes Redressal Commission has imposed a fine of Rs 15 lakh on the Hongkong and Shanghai Banking Corporation Ltd (HSBC) for negligence and deficiency in service. ....

Inder Jit Singh , National Consumer Disputes Redressal Commission , Shanghai Banking Corporation Ltd , Member Inder Jit Singh , Opposite Party , Know Your Customer ,