Supreme Court of India: Whether Insurer can validly repudiate Insured’s Otherwise Genuine claim if there is a delay in Claim Notification as against the Immediate Notification Clause of the Insurance Policy

Consider a scenario wherein A purchases an insurance policy from B (insurance company) for insuring his vehicle. The insurance policy inter alia provides a mechanism for notifying a claim in case of happening of an insured event which includes theft. Pursuant to this mechanism, in order to claim its loss from B, A, as a…

Supreme Court of India: Interpretation of Arbitration Clause in an Insurance Policy/Contract; an arbitration clause can lay the postulate in which situations the arbitration clause cannot be given effect to.

  In the case of Oriental Insurance Company Limited vs. M/s Narbheram Power and Steel Pvt. Ltd. ((@ S.L.P. (C) No. 33621 of 2017) decided on May 02, 2018), the Supreme Court while dealing with an arbitration clause in an insurance policy inter alia held that while the arbitration clause is required to be strictly…