Bombay High Court: says “a surveyor’s report is not sacrosanct” — Court upholds arbitral award after holding that “the tribunal is entitled to apply a rough and ready formula when exact quantification is impossible” — Court dismisses challenge under Section 34 and affirms wide discretion of arbitral tribunals in technical insurance disputes

Bombay High Court: says “a surveyor’s report is not sacrosanct” — Court upholds arbitral award after holding that “the tribunal is entitled to apply a rough and ready formula when exact quantification is impossible” — Court dismisses challenge under Section 34 and affirms wide discretion of arbitral tribunals in technical insurance disputes

Court's decision The Bombay High Court upheld the arbitral award and dismissed the Section 34 challenge filed by the Petitioner-insurer. The Court held that the arbitral tribunal had acted within…
father daughter

Bombay High Court Upholds Daughters’ Right to Insurance Policy Maturity Amount, Rules Beneficial Nominee Has Statutory Ownership Under Section 39(7) of Insurance Act, Overriding Succession Law Where Policies Are Self-Acquired, Denies Widow’s Interim Claim Due To Absence of Title and Disputed Will

Court’s Decision The Bombay High Court dismissed the writ petitions challenging the trial court’s orders that denied withdrawal of insurance policy maturity amounts by Class I legal heirs on the…