NEW INDIA ASSURANCE COMPANY LTD Vs. GENUS POWER INFRASTRUCTURE LTD
LAWS(SC)-2014-12-13
SUPREME COURT OF INDIA (FROM: DELHI)
Decided on December 04,2014

NEW INDIA ASSURANCE COMPANY LTD Appellant
VERSUS
Genus Power Infrastructure Ltd Respondents





Cited Judgements :-

P.P.S CONSTRUCTION COMPANY PVT LTD VS. ADVANCE VALVES PVT LTD [LAWS(DLH)-2016-6-75] [REFERRED TO]
RAKESH KUMAR & CO VS. UNION OF INDIA [LAWS(DLH)-2018-5-90] [REFERRED TO]
PUNJLLOYD LTD VS. INDIAN OIL CORPORATION LTD [LAWS(DLH)-2018-4-152] [REFERRED TO]
B.K.CONSORTIUM ENGINEERS PVT. LTD. VS. INDIAN INSTITUTE OF MANAGEMENT [LAWS(CAL)-2023-1-95] [REFERRED TO]
LORIN GURUNG VS. SAKHI CHAND MAHTO [LAWS(JHAR)-2022-3-28] [REFERRED TO]
EGGRO PAPER MOULDS LIMITED VS. NEW INDIA ASSURANCE COMPANY LTD. [LAWS(NCD)-2015-11-32] [REFERRED TO]
ARADHNA FABRICS PVT LTD VS. UNITED INDIA INSURANCE CO LTD [LAWS(NCD)-2015-4-55] [REFERRED TO]
SAMDARIYA BUILDERS PVT. LTD. VS. STATE OF MADHYA PRADESH [LAWS(MPH)-2018-10-177] [REFERRED TO]
SEW INFRASTURCTURE LIMITED VS. STEEL AUTHORITY OF INDIA LIMITED [LAWS(DLH)-2018-4-514] [REFERRED TO]
WORLDS WINDOW INFRASTRUCTURE AND LOGISTRICS PVT LT VS. CENTRAL WAREHOUSING CORPORATION [LAWS(ALL)-2018-5-220] [REFERRED TO]
K.N. SINGH INFRATECH PVT. LTD. VS. MONTECARLO CONSTRUCTION LIMITED [LAWS(MPH)-2015-5-30] [REFERRED TO]
RAJESH KUMAR VS. PARKASH CHAND AND ORS. [LAWS(HPH)-2015-3-51] [REFERRED TO]
UNITED INDIA INSURANCE CO. LTD. VS. ANTIQUE ART EXPORTS PRIVATE LIMITED [LAWS(SC)-2019-3-158] [REFERRED TO]
MIHIR BUILDCON (PVT) LTD. VS. AJNARA INFRASTRUCTURE (P) LTD. [LAWS(DLH)-2016-9-132] [REFERRED TO]
K O OOMMEN, S/O LATE M G OOMMEN VS. BAJAJ ALLLIANZ GENERAL INSURANCE CO LTD [LAWS(KER)-2019-2-24] [REFERRED TO]
M/S PANKAJ TRADING COMPANY VS. NATIONAL INSURANCE COMPANY LTD [LAWS(NCD)-2020-2-50] [REFERRED TO]
M/S. A. CUBE ASSOCIATES VS. UNION OF INDIA THROUGH THE GENERAL MANAGER, NORTH WESTERN RAILWAY, JAIPUR AND ANR. [LAWS(RAJ)-2017-7-228] [REFERRED TO]
M/S ONGC MANGALORE PETROCHEMICALS LTD. VS. M/S ANS CONSTRUCTIONS LTD. & ANR. [LAWS(SC)-2018-2-15] [REFERRED TO]
MODI DYEING & BLEACHING WORKS VS. NATIONAL INSURANCE COMPANY LTD [LAWS(NCD)-2021-10-17] [REFERRED TO]
A. RAGHUNANDAN RAJ VS. FORTUNE MONARCH ASSOCIATES [LAWS(TLNG)-2020-6-54] [REFERRED TO]
M/S. B.M. CONSTRUCTION COMPANY VS. THE UNION OF INDIA THROUGH CHIEF ENGINEER (CONSTRUCTION) [LAWS(RAJ)-2017-7-225] [REFERRED TO]
WISHWA MITTAR BAJAJ & SONS (CONSTRUCTIONS) PVT LTD VS. BPTP LTD [LAWS(DLH)-2017-12-445] [REFERRED TO]
NTPC LTD. VS. M/S SPML INFRA LTD [LAWS(SC)-2023-4-10] [REFERRED TO]
VIPIN BHIMLAL SHAH VS. SLUM REHABILITATION AUTHORITY [LAWS(BOM)-2017-10-155] [REFERRED TO]
THE UNITED INDIA INSURANCE CO. LTD VS. MAJA HEALTH CARE DIVISION [LAWS(DLH)-2018-3-54] [REFERRED TO]
OSWAL WOOLEN MILLS LTD VS. NTPC VIDYUT VYAPAR NIGAM LTD [LAWS(DLH)-2018-11-221] [REFERRED TO]
AGROCEL INDUSTRIES PVT. LTD. VS. UNITED INDIA INSURANCE COMPANY LTD. [LAWS(BOM)-2020-3-483] [REFERRED TO]
VILAYATI RAM MITTAL (P) LTD VS. RESERVE BANK OF INDIA [LAWS(BOM)-2017-9-166] [REFERRED TO]
LILA EMPORIUM VS. SENIOR DIVISIONAL MANAGER [LAWS(RAJ)-2022-9-78] [REFERRED TO]
ASHOKA FOAM MULTIPLAST PVT. LTD. VS. NEW INDIA ASSURANCE COMPANY LTD [LAWS(UTN)-2023-2-103] [REFERRED TO]
FOOTWEAR CENTER VS. NEW INDIA ASSURANCE CO LTD [LAWS(NCD)-2020-7-63] [REFERRED TO]
SBI GENERAL INSURANCE CO. LTD VS. KRISH SPINNING [LAWS(SC)-2024-7-73] [REFERRED TO]
NARESH KUMAR VS. BRAHMA CITY PVT. LTD [LAWS(NCD)-2023-11-55] [REFERRED TO]
ONGC MANGALORE PETROCHEMICALS LTD VS. ANS CONSTRUCTIONS LTD & ANR [LAWS(SC)-2018-2-140] [REFERRED TO]
SHARMA CONSTRUCTION AND ENGINEERS VS. THE MANAGING DIRECTOR, WONDER CEMENT LIMITED [LAWS(RAJ)-2016-3-78] [REFERRED TO]
M.A. BUILDERS VS. UNION OF INDIA [LAWS(CHH)-2017-5-116] [REFERRED TO]
M/S. LIFELONG MEDITECH P. LTD. VS. UNITED INDIA INSURANCE CO. LTD. [LAWS(DLH)-2017-11-458] [REFERRED TO]
SAB INDUSTRIES LIMITED VS. GAS AUTHORITY OF INDIA LTD. AND ORS. [LAWS(DLH)-2015-10-283] [REFERRED TO]
WISHWA MITTAR BAJAJ & SONS VS. BPTP LTD [LAWS(DLH)-2022-8-174] [REFERRED TO]
BHARAT SALT REFINERIES LTD. VS. NEW INDIA ASSURANCE COMPANY LTD. [LAWS(MAD)-2015-8-246] [REFERRED TO]
K N RESOURSES PVT LTD VS. DIVISIONAL MANAGER/REGIONAL MANAGER [LAWS(NCD)-2019-3-2] [REFERRED TO]
ELASTREX POLYMERS PVT LTD VS. NEW INDIA ASSURANCE CO LTD [LAWS(NCD)-2019-8-76] [REFERRED TO]
K.N. SINGH INFRATECH PVT. LTD. VS. MONTECARLO CONSTRUCTION LTD. [LAWS(MPH)-2015-5-91] [REFERRED TO]
BHANUBEN PRAVINBHAI PATEL VS. NATIONAL INSURANCE COMPANY LTD [LAWS(GJH)-2018-4-23] [REFERRED TO]
MRS.PADMINI CHANDRAN MENON VS. VIJAY CHANDRAN MENON [LAWS(BOM)-2018-1-49] [REFERRED TO]
MIRC ELECTRONICS LTD. VS. THE ORIENTAL INSURANCE COMPANY LTD. [LAWS(BOM)-2016-2-109] [REFERRED TO]
DELHI INTEGRATED MULTI MODAL TRANSIT SYSTEM LTD (D VS. R S SHARMA CONTRACTORS PVT LTD [LAWS(DLH)-2018-5-588] [REFERRED TO]
UNITED INDIA INSURANCE CO LTD VS. MAJA HEALTH CARE DIVISION [LAWS(DLH)-2018-3-428] [REFERRED TO]
NATIONAL INSURANCE CO LTD VS. SYNERGY STEELS LTD [LAWS(DLH)-2019-5-32] [REFERRED TO]
THE ORIENTAL INSURANCE CO. LTD. VS. DICITEX FURNISHING LTD. [LAWS(SC)-2019-11-32] [REFERRED TO]
SHREE KRISHNA KESHAV LABORATORIES LTD. VS. ORIENTAL INSURANCE COMPANY [LAWS(GJH)-2024-4-74] [REFERRED TO]
NAV BHARAT NIRMAN CO. VS. PROJECT DIRECTOR, "RUIDP" AND ORS. [LAWS(RAJ)-2015-11-22] [REFERRED TO]
DEVI CONSTRUCTIONS VS. FOWLER WESTRUP (INDIA) PRIVATE LIMITED [LAWS(KAR)-2019-6-75] [REFERRED TO]
VIDHATA CABLE CO. VS. NEW INDIA ASSURANCE CO. LTD. & ANR. [LAWS(NCD)-2017-11-164] [REFERRED TO]
DILBAG SINGH CONTRACTOR, SON OF SHRI TEK RAM VS. NORTH WESTERN RAILWAY THROUGH ITS GENERAL MANAGER, NWR HEAD QUARTER, JAWAHAR CIRCLE, JAIPUR [LAWS(RAJ)-2017-7-226] [REFERRED TO]
STAR ENGINEERING CONTRACTORS VS. N L C INDIA LIMITED [LAWS(MAD)-2017-11-289] [REFERRED TO]
NTPC VIDYUT VYAPAR NIGAM LTD VS. OSWAL WOOLEN MILLS LTD [LAWS(DLH)-2018-9-251] [REFERRED TO]


JUDGEMENT

- (1.)Leave granted. This appeal challenges the order dated 30.05.2013 passed by the High Court of Delhi in Arbitration Petition No.212 of 2011 appointing an arbitrator to adjudicate the disputes between the present parties.
(2.)The respondent has a manufacturing unit for which it had purchased a Standard Fire and Special Perils Policy ('policy' for short) from the appellant on 17.04.2009, which policy was for a period of one year and the total sum assured was Rs.91 crores and 10 lacs only. On 29.10.2009 there was a fire explosion in the adjoining Indian Oil Corporation Terminal causing extensive damage to the manufacturing unit of the respondent. On being notified, the appellant appointed a category "A" Licensed Surveyor and Loss Assessor in compliance of Section 64 UM of the Insurance Act, 1938 to assess the damage. In the assessment of the respondent and as per the claim lodged by it, the loss caused to its plant and machinery, buildings fixtures and furnitures and stocks was to the tune of Rs.28.79 crores. It appears that the Surveyor submitted his final report on 27.07.2010 and assessed the loss at Rs.6,09,77,406/-. It is contended by the appellant but denied by the respondent that the final survey report was duly communicated to the respondent on 01.11.2010.
(3.)On 11.03.2011 the respondent signed a detailed letter of subrogation which was on a stamp paper, accepting Rs.5,96,08,179/- in full and final settlement of its claim under the policy and the relevant portion of said letter dated 11.03.2011 was to the following effect: JUDGEMENT_13_LAWS(SC)12_2014_1.html


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