Search Results for Tag : Indemnity

News

Gujarat HC: Insurance Company Cannot be Liable for Indemnity if Driver Does Not Have Valid Licence(01.02.2022)

Gujarat High Court has held that an insurance company cannot be held liable for indemnity if the driver of the offending vehicle does not have a valid.....

Tags : Gujarat High Court, Indemnity, Valid Driving Licence

NCLT: Indemnity of Obligations Under an Agreement Is Not 'Financial Debt' Under IBC(14.10.2022)

National Company Law Tribunal, Mumbai while adjudicating an application has observed that indemnity of the obligations under the Agreement is not a 'f.....

Tags : National Company Law Tribunal, financial debt, indemnity, Agreement

International Cases

When a corporate trustee enters into external administration, the company's right of indemnity and accompanying equitable lien over the assets of the trust survives the appointment(18.01.2023)

The Plaintiffs, Kimberley Stuart Wallman and Gregory Paul Quin (collectively, the Liquidators) are the liquidators of Goldeagle Nominees Pty Ltd (Gold.....

Tags : Corporate trustee, Right of indemnity,

Liability on the guarantee could be avoided, if there was fraud on the part of the beneficiary(04.06.2024)

Present appeal considers whether the first Appellant, Jorge Alexandre Da Costa Bonifacio, and the second Appellant, Sergio Rui Da Costa Bonifacio (App.....

Tags : Payment, Indemnity, Claim

Court must consider contract as a whole and, depending on nature, formality and quality of drafting of contract(29.03.2017)

Present appeal raises a question of contractual interpretation. It concerns an indemnity clause in an agreement dated 13 April 2010 (“the SPA”) for sa.....

Tags : Contract, Loss, Indemnity