Every claim made against an insurance company in respect of a loss, would be a claim within purview of claims “requiring to be paid or settled” under section 64UM(2) of Insurance Act

CASE LAWS DETAILS DECIDED BY: HIGH COURT OF DELHI, IN THE CASE OF: New India Assurance Co. Ltd. Vs. Union of India,  APPEAL NO: WP(C) 7569/2007 & CMs 2454/2008, 9099, 11255/2009, DECIDED ON May 24, 2010 JUDGMENT 24.05.2010 1. Interesting questions of law concerning powers and jurisdiction of the Insurance Regulatory Development Authority (IRDA), Respondent No.2 herein under Section 64UM of the Insurance Act, 1938 (hereafter „Insurance Act?) and the powers of the Central Government, Respondent No.1 herein, as the Appellate Authority under Section 110 H of the Insurance Act, arise for con...