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Allahabad High Court Holds That 3 Years Limitation For Filing Claim Petition Is Applicable To All Insurance Policies Irrespective Of Its Terms

Giving huge relief to farmers and other marginalised sections of the society, the Allahabad High Court held that the period of limitation of 75 days for filing a claim under Government insurance schemes, particularly the Mukhyamantri Kisan Avam Sarvahit Bima Scheme is unreasonable and arbitrary. A Division Bench of Justices Shashi Kant Gupta and Pankaj Bhatia noted that such a short period of limitation militates against the ‘socio-beneficial’ object of the Scheme and is therefore liable to be set aside.

Asia Law Offices advised a major transnational strategic collaboration between its client, UAE-Based Pharmax Pharmaceuticals, and Swiss pharma major Acino Pharmaceuticals.

ALO represented Pharmax in the structuring and closure of entire transaction documents of the significant collaboration.

The collaboration framework extends to licensing, manufacturing, and supply of Acino formulations within the gastroenterology and the cardiovascular space throughout the Middle East and Africa.