GODAVARI GRAMMENA BANK Vs. TEJA POULTRY FARM
ANDHRA PRADESH STATE CONSUMER DISPUTES REDRESSAL COMMISSION
GODAVARI GRAMMENA BANK
TEJA POULTRY FARM
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(1.) THE unsuccessful opposite parties 1 and
(2.) ARE the appellants before this Commission. 2. The facts in brief are on the application of the complainant, the second opposite party sanctioned a loan of Rs. 11,30,000/ - for
running a poultry farm of 10,000/ - birds and an amount of Rs. 6,00,648.50
ps. was disbursed to the complainant. A comprehensive policy was taken to
cover the risk of the sheds in which the poultry farm is to be located
and opposite parties 1 and 2 undertook to pay the premium towards the
live stock and sheds. Opposite Party No. 1 has deducted Rs. 5,810/ - on
7.5.1996 towards premium for the live stock and paid it to opposite party No. 3. On 16.10.1996 a further amount of Rs. 837/ - was debited to the
account of the complainant towards the premium for the sheds.
(3.) ON 6.11.1996 the sheds were damaged during the cyclone, that occurred on the intervening night of 6th/7th November, 1997, damaging the
live stock and the sheds completely. The claim for damage of live stock
was settled at Rs. 60,000/ - and was paid away. The opposite parties 1 and
2 have estimated the damages to the sheds at Rs. 3,10,000/ -.
Opposite parties 1 and 2 filed their written version stating that the responsibility for insuring the assets is solely on the borrower
and that the Bank respresented by its Chairman entered into Grameena
Package Master Policy Agreement, with the third opposite party
represented by its Divisional Manager, on 11.4.1996 and as per the terms
of Clause 7 of the said Agreement, the Bank debited the insurance premium
of Rs. 848/ - to the account of the complainant on 16.10.1996 and filled
Annexure -I with various premia of different loan amounts and sent it to
opposite party No. 3 on 4.11.1996. On intimating to the third opposite
party about the cyclone, a Surveyor was deputed and the liability is on
the part of the third opposite party to settle the claim.;
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