19 Mar 2025
IFCI LIMITED 1. ) BISHOPGATE CAPITAL LIMITED 2. ) ARCHIPELAGO INSURANCE LIMITED
- Citation
- WA-22NCC-705-12/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-705-12/2019 (Mahkamah Tinggi)
Plaintiff proved it was the valid assignee and holder of the promissory note and complied with presentation requirements; the 1st Defendant breached the unconditional payment obligation on maturity and is liable; the AIL policy was validly endorsed/assigned to Plaintiff, was not shown to be terminated or void, and the 2nd Defendant is liable to indemnify for insured loss; arbitration/time‑bar defenses do not defeat Plaintiff's court claim given parties' conduct and policy language; alleged fraud and non‑compliance were unproven or waived, so judgment is entered for Plaintiff against both Defe…