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2024 Supreme(Guj) 472

SUNITA AGARWAL
Shree Krishna Keshav Laboratories Limited – Appellant
Versus
Oriental Insurance Company Limited – Respondent


Advocates:
Advocate Appeared:
For the Petitioner: Parth D. Patel.
For the Respondent: Vibhuti Nanavati.

JUDGMENT :

SUNITA AGARWAL, J.

1. Invoking Section 11(6) of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as ‘the Act, 1996’ for the sake of brevity), the petitioner herein came for appointment of the sole Arbitrator to adjudicate and decide the dispute arising between the parties, as per the Clause No. 13 of the General Terms and Conditions in connection with the insurance policy dated 24.03.2021.

2. The dispute arising out of the co-insurance policy being a Standard Fire and Special Perils Policy (Material Damage), for the insurance of the petitioner’s assets located at the factory premises situated at S. No. 31 near New Cotton Mill, Amraiwadi, Ahmedabad for the period from 31.03.2021 to 30.03.2022, is sought to be referred to the Arbitrator. Reliance is placed on the Clause 13 of the General Terms & Conditions of the insurance policy providing for arbitration as the dispute resolution mechanism.

3. To decide the claim of the petitioner for referring the dispute to the Arbitrator, certain relevant facts of the case, in brief, are to be noted herein-under. A fire accident had occurred on 10.11.2021 during the subsistence of the period of policy at the factory prem

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