1. Leave granted.
2. These appeals have been filed by the Insurance Company assailing the order dated 30th May, 2017 passed by the High Court of Delhi appointing an Arbitrator in exercise of power Under Section 11(6) of the Arbitration and Conciliation Act, 1996 (hereinafter being referred to as "the Act") to adjudicate the dispute between the parties.
From: Jaiprakash1@uiic.co.in
Sent: Thursday, May 05, 2016 1:23 PM
To: Vimal Singh
CC: sangeetagupta@uiic.co.in; vijaysharma@uiic.co.in; nareshchandolia@uiic.co.in
Subject: Fire Claim dated 25.10.2013
Sir/Madam,
This is to inform you that the Competent Authority has approved your claim for an amount of Rs. 2,81,44,413/- (building Rs. 88,18,691 P & M Rs. 7,32,382 FFF Rs. 3,61,049 Finished Goods, Rs. 1,95,66,389 Fire Fighting Ex. Rs. 59,000 Cost of Debris Removal Rs. 88,187 Total Rs. 2,96,25,698)
Less Excess 5% Rs. 14,81,285 = Rs. 2,81,44,413) of loss dated 25.10.2013 (Claim No. 0407001113C101515001)
In order to release the payment we require following from your end.
1. Confirmation from the concerned bank "Indian Overseas Bank, Defence Colony Branch.
Through mail that in which Account the payment has to be made through NEFT.
2. Deposit Re-instatement premium of Rs. 19100/-
3. Fire Fighting expenses bills in original
4. Debris Removal bills in original.
5. Full and final settlement discharge voucher for Rs. 2,81,44,413/- duly endorsed by the bank also without any Subjectivity.
Please furnish.
Jaiprakash
Divisional Manager
United India Insurance Company Limited
10203, IIIrd Floor, Jamuna House,
Padam Singh Road
New Delhi-110005
Mobile: 9910791508
Phone: 28755967, 28755419
jaiprakash@uiic.co.in
4. On the........