23 Jan 2008
RYODEN ENGINEERING CO LTD v. THE NEW INDIA ASSURANCE CO LTD
- Citation
- RYODEN ENGINEERING CO LTD v. THE NEW INDIA ASSURANCE CO LTD
- Court
- District Court
- Case number
- DCCJ3476/2006
Section 2 of the Ordinance transfers the insured's contractual rights to the third party subject to the same incidents; therefore the arbitration clause in the insurance policy binds Ryoden as transferee and the court must stay the proceedings for arbitration; estoppel/res judicata did not preclude New India from raising arbitration because it could not have been raised in the earlier action.