* IN THE HIGH COURT OF DELHI AT NEW DELHI + ARB.P. 1209/2023 PAYU PAYMENTS PRIVATE LIMITED .....Petitioner Through: Mr. Rajeeve Mehra, Sr. Adv. with Mr. V. Anush Raajan and Ms. Tanisha Dhoot, Advs.

versus THE NEW INDIA ASSURANCE CO LTD .....Respondent Through: Dr. Amit George, Ms. Gurkaranbir Singh and Mr. Dushyant Kishan Kaul, Advs.

CORAM:

HON'BLE MR. JUSTICE C. HARI SHANKAR JUDGMENT (ORAL)

% 18.09.2024

1. This is a petition under Section 11(6) of the Arbitration and Conciliation Act, 1996, $~2, for reference of the disputes between the parties to arbitration.

2. The disputes arise in the context of two insurance policies, Policy 33 and Policy 34, dated 31 March 2018 executed between the petitioner and the respondent.

3. The petitioner through an insurance broker, Howden Insurance Brokers (India) Pvt Ltd, Signature Not Veri2fi“eHdowden”,hereinafter Signature Not Verified, availed two insurance policies, i.e. Package Liability Policy No. 930000361717000033 (Policy 33) for a sum

1“the1996Act”,hereinafter

assured of ₹ 20 crores and Package Liability Policy No. 93000036170000034 (Policy 34) for a sum assured of ₹ 6.5 Crores from the respondent Company. The policies were availed to cover variou