ru24.pro
News in English
Июль
2024

Courts must not conduct intricate evidentiary enquiry on whether insurance claims raised by a party are time-barred or not, says SC

0
The Supreme Court made a significant decision regarding the appointment of arbitrators in the case between SBI General Insurance Co and Krish Spinning over insurance claims. The court emphasized that detailed evidentiary enquiries on time-barred claims should be left to the arbitrator. The dispute, primarily about the quantum of loss, is to be handled by the arbitral tribunal. The case stemmed from two fire incidents at Krish Spinning's factory, leading to a claim of Rs 7.2 crore. The appointment of an arbitrator was upheld by the Supreme Court after the Gujarat High Court's decision.