Laws laid down by supreme court

INSURANCE: Industrial All Risk Policy

Insurance –Industrial All Risk Policy

Case ;Gold Plus Grass Industry Ltd V/S United India Insurance Co.

C Case No897 of 2015,Decided on 28.12.2022

Fact ;Walls of glass factory damaged due to blast in furnace generation Claim file for an amount of Rs 3,69,78,728.Claim repudiated under exclusion clause stating manufacturer only undertook to bear cost of corrective engineering. National Commission did not agree to make exclusion clause applicable and considered it an accident .Hence loss is to be approved ,held NC. 

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