The Supreme Court made a significant decision regarding the appointment of arbitrators in the case between SBI General Insurance Co and Krish Spinning over insurance claims. The court emphasized that detailed evidentiary enquiries on time-barred claims should be left to the arbitrator. The dispute, primarily about the quantum of loss, is to be handled by the arbitral tribunal. The case stemmed from two fire incidents at Krish Spinning's factory, leading to a claim of Rs 7.2 crore. The appointment of an arbitrator was upheld by the Supreme Court after the Gujarat High Court's decision.
