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DELHI HIGH COURT
VIBHU BAKHRU
Oriental Insurance Co. Ltd. – Appellant
Versus
Diamond Products Ltd. – Respondent
| Table of Content |
|---|
| 1. arbitration under a&c act. (Para 1 , 2) |
| 2. details of insurance policy and loss. (Para 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10) |
| 3. arbitral tribunal’s decision on disputes. (Para 11 , 12) |
| 4. arguments from petitioner and respondent. (Para 13 , 14) |
| 5. issues around consent letters and undue influence. (Para 15 , 16 , 17 , 18 , 19 , 20) |
| 6. claims and losses assessment by arbitral tribunal. (Para 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28) |
| 7. assessment and disagreements on stock loss. (Para 29 , 30 , 31 , 32) |
| 8. judicial review limitations under section 34. (Para 33 , 34 , 35) |
| 9. court's decision on interest and delay. (Para 36) |
| 10. final dismissal of the petition. (Para 37) |
JUDGMENT
Vibhu Bakhru, J. The petitioner has filed the present petition under Section 34 of the Arbitration and Conciliation Act, 1996 (hereafter the `A&C Act') impugning an arbitral award dated 03.11.2017 (hereafter the `impugned award') passed by the Arbitral Tribunal comprising of three arbitrators.
2. The impugned award was rendered in the context of disputes that had arisen between the parties in respect of an insurance claim made by the respondent company in terms of the Standard Fire and Special Peril Polic
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