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Can 3rd Party Insurance Be Claimed When Accident Took Place On The Same Day The Policy Was Taken But The Coverage Starts Only From The Next Day? SC To Examine

[15 September 2021]
The Supreme Court stayed the operation of a Jharkhand High Court’s order which allowed the claim in the case of a motor accident, that occurred a day prior to the coverage of the insurance period, but in which the insurance premium was paid on the very day of the accident. The Bench of Justice Sanjay Kishan Kaul and Justice M. M. Sundresh was hearing an appeal filed by the Royal Sundaram Alliance Insurance Co. Ltd. against the Jharkhand High Court order dismissing its appeal against the Award passed by Presiding Officer, Motor Vehicles Accident Claims Tribunal (MVACT), Ranchi.

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.