SBI Asked To Pay Rs15.50 Lakh Compensation for Dishonouring Insurance Premium Cheque of a Pilot
Acknowledging the hardship and mental agony of a pilot to fly the aircraft 50 times during the period of no insurance coverage caused due to an action by the State Bank of India (SBI) to return the cheque for insurance premium, the national consumer disputes redressal commission (NCDRC) directed SBI to pay an enhanced compensation of Rs15 lakh and Rs50,000 litigation cost to a pilot.
Source: moneylife.in