Business Update9 May 2026, 06:51 pm
Veedol Corp: Insurance Claim Repudiated for Bhiwandi Fire
AI Summary
Veedol Corporation Ltd has received a repudiation letter from National Insurance Company Limited regarding the insurance claim filed for the fire incident at a third-party depot in Bhiwandi, District Thane, Maharashtra. The company is evaluating available options/remedies. The initial fire incident was disclosed on October 5, 2024, and the insurance claim lodgment on February 5, 2025. The repudiation letter was received on May 8, 2026.
Key Highlights
- Veedol Corp received an insurance claim repudiation letter from National Insurance Co.
- The claim relates to a fire incident at a third-party depot in Bhiwandi.
- The company is evaluating all available options/remedies.
- Initial disclosure of the fire incident was made on October 5, 2024.
- Insurance claim lodgment was disclosed on February 5, 2025.
Price Impact
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