JUDGMENT

Sanjeev Narula, J. - The present petition under Section 11(6) of the Arbitration and Conciliation Act, 1996 [hereinafter referred to as 'the Act'] seeks appointment of an Arbitrator for adjudication of disputes which have arisen between the parties in relation to the 'Professional Indemnity Engineers Architects Interior Decorators Inspection and Testing Policy' bearing No. 0401002717P104915422 issued by the Respondent [hereinafter referred to as 'UII'] in favour of the Petitioner [hereinafter referred to as 'GCL'] for the period of 11th June, 2017 to midnight of 10th June, 2018, applicable retroactively from 12th June, 2015, with an indemnity amount of Rs. 25 crores [hereinafter referred to as the 'Insurance Policy'].

FACTS

2. Gcl has been availing insurance coverage for professional indemnity since 2007, which includes indemnity against acts of dishonesty, negligence, fraud, omissions and errors, as well as loss of documents and breach of confidentiality of clients committed by its employees towards its clients' businesses, which include banking organizations.

3. Gcl received notices from its clients - RBL Bank, HDFC Bank and DCB Bank, dated 2ndAugust, 2017, 8th August, 2017