Supreme Court · 2014 INSC 837 · Decided 4 December 2014
New India Assurance Company LTD. v. Genus Power Infrastructure LTD.
- Court
- Supreme Court of India
- Citation
- 2014 INSC 837 · [2014] 12 S.C.R. 360
- Case number
- CIVIL APPEAL No. 10784/2014
- Decided
- 4 December 2014
- Bench
- ANIL R. DAVE, UDAY UMESH LALIT (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Arbitration Act Section 11
Headnote
Arbitration and Conciliation Act, 1996 - s. 11 - Appointment of arbitrator - Insurance claim - Discharge of C insurance contract and settlement of insurance claim - Insured subrogated all its rights in favour of insurer - Petition uls. 11 by insured seeking appointment of arbitrator accepted the payment because of extreme financial difficulty, duress and coercion - High Court D appointing sole arbitrator to adjudicate the dispute between the parties - Justification of- Held: Not justified - Discharge and signing of letter of subrogation was voluntary and free from any
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