Home / News / India News / Article / Rs 8 lakh compensation for Mercedes damaged in 2005 Mumbai floods

Rs 8 lakh compensation for Mercedes damaged in 2005 Mumbai floods

Consumer court asks insurance company to pay compensation after it took no action on claim for several months

  • WhatsAppBookmarkBookmark
Listen to this article :

Eight years after a firm whose Mercedes-Benz E220 was damaged due to waterlogging in the infamous 26/7 deluge of 2005, a consumer court on Wednesday awarded compensation of Rs 8 lakh while observing that the insurance firm sat on their claim for several months, instead of either accepting or rejecting it.

A Kalbadevi-based firm, Hilton Builders and Textiles Pvt Ltd, had bought an insurance policy for the years 1997-98 and renewed the policy annually. But during the July 26 deluge, the vehicle was severely damaged for which a total repair bill incurred was Rs 8,58,520. The company represented through their authorised signatory, Prakash Khulchiani, then filed a claim with the insurance provider.

Read Next Story
Esplanade Mansion: '95% safe' or 100% unsafe

Trending Stories

Latest Photoscta-pos

Latest VideosView All

Latest Web StoriesView All

Mid-Day FastView All