The supreme court said that the insurance company would be held liable to compensate the loss of the person who lodged the FIR immediately after his vehicle was stolen.
In this case, the person filed an FIR after his insured vehicle was stolen.
The police investigated and were unable to trace the vehicle.
After that, the petitioner asked the insurance company to settle his claim but denied doing so.
Later the petitioner approached the District Consumer Disputes Redressal Forum, Gurgaon against the insurance company.
The insurance company has stated that the petitioner did not inform immediately about the occurrence of theft. They will not be held liable to compensate the claim of the petitioner.
NCDRC gave the judgment in favor of the insurance company.
Then this case went to the supreme court and the prime matter before the court was whether the insurance company can repudiate the claim on this ground that the petitioner delayed in informing the occurrence of theft to the company.
The supreme court relied on the judgment that was given in Gurshinder Singh v Shriram General Insurance Company Ltd wherein if the petitioner filed an FIR immediately and police were unable to trace the vehicle then the insurance company will have to compensate the loss of the petitioner and can’t deny the claim.