No sub-limits in policy? Avg clause can't apply

According to the National Commission, the average clause couldn't apply since the policy didn't have individual coverage limits for building, stock, and packaging material

Markandeshwar Food & Allied Products had taken four Standard Fire and Special Perils policies from New India Assurance. One of the policies was for Rs  2 crore. It covered the entire stock, including milk, ghee and other dairy products, as well as packaging materials. The policy was valid from November 11, 2011, to November 10, 2012.

On February 7, 2012, during the tenure of the policy, a fire broke out in the insured premises. The fire brigade and police were intimated. The incident was also reported to the insurer, who appointed a surveyor.

According to the survey report, the loss