Himalaya Food International Files Complaint to Recover ₹144 Million Fire Insurance Claim

Himalaya Food International Ltd has launched legal action to recover a ₹144 million fire insurance claim, after its Vadnagar, Gujarat plant suffered widespread damage. The company has complained of delay in settlement by the insurer, which has necessitated regulatory intervention.

 

Key Highlights:

✅ Legal Action Taken: Himalaya Food has made a formal complaint requesting fast-tracking of its insurance claim.
✅Facility Damage Details: The Vadnagar facility was severely damaged by fire, disrupting production and supply lines.
✅Insurance Dispute: The company alleges unwarranted delays in processing the claim, impairing financial health.
✅Regulatory Oversight: The authorities are considering the case to monitor insurance settlement standards.
✅ Future Outlook: Experts opine that a quick resolution would enable Himalaya Food to recover operational losses.

 

As legal proceedings are in progress, Himalaya Food International Ltd is demanding reasonable compensation, affirming its resolve for business continuity.

 

Source: Indian Kanoon, IBBI