IFFCO TOKIO GENERAL INSURANCE COMPANY LTD. vs UNISON HOTELS PVT. LTD.

* IN THE HIGH COURT OF DELHI AT NEW DELHI % Judgment reserved on: 17.01.2026 Judgment pronounced on: 30.01.2026 + O.M.P. (COMM) 197/2023, I.A. 20470/2023 & I.A. 30914/2025 IFFCO TOKIO GENERAL INSURANCE COMPANY LTD. .....Petitioner Through: Mr. A. S. Chandhiok, Sr Adv. with Ms. Bindu Saxena, Mr. Tanpreet Gulati & Ms. Aparajita Swarup, Advs. versus UNISON HOTELS PVT. LTD. .....Respondent Through: Mr. Darpan Wadhwa, Sr. Adv. with Mr. Aseem Chaturvedi, Mr. Shivank, Mr. Arsh Alok & Ms. Divita Vyas, Advs. CORAM: HON'BLE MR. JUSTICE AVNEESH JHINGAN JUDGMENT 1. This petition is filed under Section 34 of the Arbitration and Conciliation Act, 1996 (for short „the Act‟) challenging the arbitral award dated 06.03.2023 (for short „the Award‟). FACTS 2. The brief facts are that the petitioner a company incorporated under the Companies Act, 1956 (for short „the Companies Act‟), is engaged in providing general insurance. The respondent a company registered under the Companies Act is engaged in the business of 2008. 2.1 On 26.01.2008, a fire broke out in the insured property. The respondent submitted a claim of approximately Rs.68.64 crores under the MD Policy and Rs.100 crores under the LOP Policy