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Search Results for "Fire insurance"

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Supreme Court

Supreme Court Allows Complainant in Insurance Claim Dispute by Reinstating State Commission Award - Reinstatement Value Payable Over Depreciated Value Under Fire Insurance Policy. Interpretation of Clause 9 of Section 2 of Standard Fire and Special Perils Policy Requires Payment of Reinstatement Value When Insurance Company Unable to Reinstate, as Assessed by Surveyor, Resolving Ambiguity in Favor of Insured.

13 Jan 2023

The dispute arose from a fire insurance claim under a Standard Fire and Special Perils Policy obtained by the complainant, with a sum insured initiall...

High Court

High Court of Bombay Upholds Compensation Award in Motor Accident Claim — Insurer Liable Despite Discrepancy in Vehicle Registration Number. The court held that the insurer failed to prove that the vehicle involved was not insured, and the minor typographical error in the registration number did not absolve liability under the Motor Vehicles Act, 1988.

25 Nov 2019

The case arises from a motor accident claim filed by the respondent no.1 (original applicant) before the Motor Accidents Claims Tribunal (MACT), Mumba...

High Court

High Court of Karnataka Reduces Compensation in Motor Accident Claim Due to Deduction of 50% Towards Personal Expenses for a Bachelor Deceased. Tribunal's award of Rs.19,57,950/- modified to Rs.13,05,300/- with 9% interest per annum.

2 Apr 2019

The appeal was filed by the insurance company challenging the judgment and award dated 15.07.2016 passed by the Principal Motor Accident Claims Tribun...

Supreme Court

Supreme Court Allows Insurance Company's Appeal, Sets Aside Arbitrator Appointment in Insurance Claim Dispute. Full and Final Settlement Discharge Voucher Signed Without Demur Bars Arbitration Under Section 11(6) of the Arbitration and Conciliation Act, 1996.

28 Mar 2019

The Supreme Court of India heard appeals by United India Insurance Co. Ltd. against a Delhi High Court order appointing an arbitrator under Section 11...

Supreme Court

Supreme Court Allows Appeal in Life Insurance Surrender Value Dispute — Computation of Bonus Surrender Value Must Be Based on Approved Formula Under Section 113 of Insurance Act, 1938. The Court Remanded the Matter to National Commission for Fresh Consideration After Insurer Produces the Approved Formula.

7 Mar 2019

The appellant, Anandrao Ramchandra Salunke, obtained a life insurance policy from the Life Insurance Corporation of India (LIC) on 11 November 1993 fo...

High Court

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.

19 Dec 2018

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

High Court

High Court of Karnataka Dismisses Insurance Company's Appeal in Motor Accident Claim — Upholds Compensation for Injured Claimants. Tractor Accident Victim Awarded Rs.1,50,000 with 6% Interest for Fracture Injuries Under Section 166 of Motor Vehicles Act, 1988.

16 Sep 2016

The case arises from a motor accident claim filed by Venkatesh and Neelamma, husband and wife, who sustained injuries in a tractor accident on 19.10.2...

High Court

High Court of Bombay Dismisses Petition Challenging Arbitral Award in Insurance Dispute — Floater Policy Interpretation and Burden of Proof Upheld. The court held that the arbitrator's finding that the policy was not a floater policy and that the insured failed to prove loss was not patently illegal under Section 34 of the Arbitration and Conciliation Act, 1996.

27 Nov 2012

The petitioner, M/s. Boghara Polyfab Pvt. Ltd., obtained a Standard Fire and Special Perils Policy from the respondent, National Insurance Company Ltd...

High Court

Bombay High Court Allows Insurance Company's Appeal in Motor Accident Claim — Reduces Compensation Due to Contributory Negligence of Deceased. Held that where the deceased was driving a motorcycle without a valid license and contributed to the accident, the insurer is not liable to pay the entire compensation amount.

14 Dec 2005

The case pertains to a motor accident claim arising from a collision between a motorcycle and a truck. The deceased, Tukaram Koli, was riding a motorc...

High Court

Bombay High Court Allows Suit for Recovery of Agency Fees Against State Trading Corporation — Contractual Obligation to Pay Clearing and Handling Charges Established. Plaintiff appointed as clearing agent under agreement dated 24.4.1969 for chemicals and fertilizers; defendant failed to pay dues despite services rendered.

19 Aug 2005

The plaintiff, C. N. Gandevia, a clearing, forwarding, and handling agent, filed Suit No. 323 of 1974 in the Bombay High Court against the State Tradi...

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