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High Court of Bombay Dismisses Challenge to Majority Arbitral Award in Insurance Dispute — JSW Steel Ltd. v. ICICI Lombard General Insurance Company Ltd. — Challenge to Rejection of Claims Under Fire, Marine, and Business Interruption Policies Dismissed as No Patent Illegality Found.

The Petitioner, JSW Steel Ltd., engaged in steel manufacturing, had insured its plant at Toranagallu, Karnataka, under five insurance policies issued ...

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Bombay High Court Hears Appeal by Truck Owner Against MACT Award Discharging Insurer in Motor Accident Claims. Main issue is whether insurance company is liable for compensation despite breach of policy condition regarding carriage of passengers in a goods vehicle under Motor Vehicles Act.

The appeal arises from a motor accident that occurred on 27 April 1985 near village Apegaon. Truck No. MWN 581, driven by Rajendra Deshmukh, was carry...

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High Court of Bombay at Aurangabad Allows Appeal in Motor Accident Claim — Territorial Jurisdiction Determined by Claimant's Residence Under Section 166 of Motor Vehicles Act, 1988. MACT Aurangabad had jurisdiction as claimant resided within its territorial limits, despite accident occurring elsewhere.

The appellant, Navnath s/o Shripati Bhawar, filed a claim petition under Section 166 of the Motor Vehicles Act, 1988, before the Motor Accident Claims...

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High Court of Gujarat Upholds Compensation for Death of Minor in Motor Accident — Bajaj Alliance General Insurance Company Limited v. Juberbhai Ikbalbhai Selot & Ors.

The case involves a first appeal by Bajaj Alliance General Insurance Company Limited against the judgment and award dated 05.04.2019 passed by the Mot...

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Bombay High Court Dismisses Insurer's Challenge to Arbitral Award in Marine Insurance Claim. The Court upheld the arbitrator's finding that goods destroyed by fire at a CFS warehouse were covered under the FOB clause of the Marine Cargo Open Policy.

The case involves a challenge by Tata AIG General Insurance Company Limited (the petitioner/insurer) to an arbitral award passed in favor of M/s. Manh...

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Supreme Court Adjudicates Appeals by Sahara Companies on SEBI's Regulatory Powers Over OFCDs. Case centers on Section 55A(b) Companies Act and compliance with DIP Guidelines for issuance of optionally fully convertible debentures.

The case involved two Sahara Group companies, Sahara India Real Estate Corporation Limited (SIRECL) and Sahara Housing Investment Corporation Limited ...