Supreme Court · 2010 INSC 211 · Decided 15 April 2010
The Amravati District Central Co-Operative Bank LTD. v. United India Fire and General Insurance CO. LTD.
- Court
- Supreme Court of India
- Citation
- 2010 INSC 211 · [2010] 4 S.C.R. 661
- Case number
- CIVIL APPEAL No. 3307/2010
- Decided
- 15 April 2010
- Bench
- R.V. RAVEENDRAN, K.S. RADHAKRISHNAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
661 THE AMRAVATI DISTRICT CENTRAL CO-OPERATIVE A BANK LTD. v. UNITED INDIA FIRE AND GENERAL INSURANCE CO. LTD. (Civil Appeal No. 3307 of 2010) B APRIL 15, 2010 [R.V. RAVEENDRAN AND K.S. RADHAKRISHNAN, JJ 1 .] Contract of Insurance: Insurance policy - Interpretation C of - Excess clause of the or Rs. 115001- whichever was higher - Employee of insured committed series of D embezzlements which were covered by contingency 4 - Arbitrator held that the amount embezzled had to be aggregated and insurer could not apply excess clause to each and every Joss separately - Held: Arbitrator
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