Modifies Arbitral Award: Orders Insurance Company to Pay 12% Interest on Delayed Claim from March 6

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Supreme Court Upholds Section 14 of Limitation Act, Modifies Arbitral Award: Orders Insurance Company to Pay 12% Interest on Delayed Claim from March 6, 2010, Balancing Justice in Prolonged Dispute

Court’s Decision The Supreme Court of India modified the arbitral award and the High Court's judgment regarding the payment of interest on delayed insurance claims. It directed the insurance company…

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Rawlaw January 8, 2025

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