The arbitration award was passed by an Arbitral Tribunal in relation to a dispute involving Roadway Solutions Narayanpur Roads Project Private Ltd, an insured entity.
“In this regard, please note that the company has received an Arbitration Award passed by Arbitral Tribunal through its legal counsel on July 13, 2026 at 9:13 p.m. The Arbitration Award allowed the claim made by the Insured against the company in relation to dispute between the parties,” according to a stock exchange filing.
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The dispute relates to six insurance policies obtained by the insured from Bharti AXA General Insurance Company Limited, whose business was acquired by ICICI Lombard in September 2021. The insured had initiated arbitration proceedings in September 2021, disputing the quantum of claim paid by the erstwhile insurer.
The aggregate claim amount under dispute was approximately ₹892.54 million (₹89.25 crore). ICICI Lombard said it is evaluating available legal remedies and will take necessary steps accordingly.
The company said there is no material financial impact on the company as of now. It also said no aberrations, non-compliances, penalties, restrictions or sanctions were identified in the communication.
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Shares of ICICI Lombard General Insurance Company Ltd ended at ₹1,761.30, down by ₹26.45, or 1.48%, on the BSE.
