MS INOX WORLD INDUSTRIES PVT LTD vs IFFCO TOKIO GENERAL INSURANCE COMPANY LIMITED

$~J * IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment Pronounced on : 02.05.2025 ARB.P. 1549/2024 MS INOX WORLD INDUSTRIES PVT LTD .....Petitioner Through: Mr. Vijay Kasana, Mr. Chirag Verma, Mr. Vishal Chaudhary, Ms. Avlokita Rajvi and Ms. Lakshya Khanna, Advocates. versus IFFCO TOKIO GENERAL INSURANE COMPANY LIMITED ......Respondent Through: Mr. Mrinal Ojha, Mr. Rajat Pradhan, Mr. Rishabh Agarwal and Ms. Nikita Rathi, Advocates. CORAM: HON'BLE MR. JUSTICE SACHIN DATTA JUDGMENT 1. The present petition has been filed under Section 11(6) of the Arbitration and Conciliation Act, 1996 (hereinafter referred to as the ‘A&C Act’), seeking appointment of a Sole Arbitrator pursuant to an arbitration agreement incorporated in a “Standard Fire and Special Perils Policy” bearing Policy No.12411458, issued by the respondent in favour of the petitioner for coverage of “building, plant and machinery, furniture, fixtures and fittings and office equipment and stocks” for the period from 13.01.2022 to 12.01.2023. 2. The arbitration clause in the policy is in the following terms: “13. If any dispute or difference shall arise as to the quantum to be paid under This Policy (liability being otherwis