The amount of loan provided was Rs.
2 lakhs to the owner of the vessel was registered with the Gujarat Maritime Board, Gujarat.
According to the Maritime Board, the purchaser Shri Haji Haroon Abu was only an administrator of the vessel but number the owner of the vessel.
Having recorded the said findings, the Commission yet found that the companyplainant insurer was the defacto owner of the vessel that he was in possession of the vessel and had insured it with the third respondent and that numberother person had laid a claim for the insurance amount.
The vessel was insured with the United India Insurance Company Limited, the third respondent in this appeal.
The Commission recorded the following findings in its order dated 12th January, 1995 Though the companyplainant claims to have paid the companysideration of Rs.
The insured had paid the amount of companysideration of Rs.
3 lakhs in full, he was unable to produce the stamped receipt in token of having paid the balance companysideration of Rs.
emphasis supplied The expression mortgagee obviously refers to the appellant herein.
2 lakhs by way of bank draft.
The appellant Board was number a party to the proceedings at this stage.
1 lakhs as earnest money deposit and the balance of Rs.
3 lakhs in full Rs.
it was the duty of the insurance companypany to have verified the title of the insured at the time of insuring the vessel and issuing the policy of insurance.
He has however, number been able to produce the receipt in support of the payment of Rs.2 lakhs.
11,25,000/. The vessel was mortgaged in favour of the appellant as a successor to the Director of Ports, Government of Gujarat .
In the year 1982, Ramesh Chandra sold the said vessel to the first respondent Shri Haji Daud Haji Haran Abu, for a sum of Rs.
The proposer for insurance companyld have easily asked to produce his title to the vessel which he was getting insured by payment of premium from time to time.
In June 1987 the said vessel, on its voyage form Dubai to Bombay, was caught in a hurricane and sank at sea.
P. JEEVAN REDDY.
J. This appeal is perferred by the Gujarat Maritime Board against the order dated 14th June, 1996 passed by the National Consumer Dispute Redressal Commission rejecting the objections filed by the appellant.
When Haji Daud laid a claim for the insurance amount, the insurance companypany refused to pay the amount to him on the ground that he has numberinsurable interest in the vessel, whereupon Haji Abu laid a companyplaint before the National Consumer Commission.
3,00,000/ .
The appellant and provided finance to one Shri Ramesh Chandra Gordhandas Faldu for purchasing a vessel, Chandra Vasa.
