CANARA BANK Vs. UNITED INDIA INSURANCE CO. LTD
SUPREME COURT OF INDIA
UNITED INDIA INSURANCE CO. LTD
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DEEPAK GUPTA,J. -
(2.)All these appeals are being decided by one common judgment since they arise out of a common order dated 08.06.2018 of the
National Consumer Disputes Redressal Commission, New Delhi,
hereinafter referred to as 'the National Commission'.
(3.)Briefly stated the facts of the case are that most of the claimants, hereinafter referred to as 'the farmers', had grown
Byadgi Chilli Crop during the year 20122013. Some of the
farmers had some other crops. These farmers had stored their
agricultural produce in a cold store run by a partnership firm
under the name and style of Sreedevi Cold Storage, hereinafter
referred to as 'the cold store'. These farmers also obtained loans
from Canara Bank, hereinafter referred to as 'the Bank'. The loan
was advanced by the Bank to each one of the farmers on security
of the agricultural produce stored in the cold store. The cold store
was insured with the United India Insurance Company Limited,
hereinafter referred to as 'the insurance company'. A fire took
place in the cold store on the night intervening 13.01.2014 and
14.01.2014. The entire building of the cold store and the entire stock of agricultural produce was destroyed.
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