Supreme Court Updates
The Supreme Court has been actively involved in several cases recently. Some notable ones include:
- *Supreme Court questions Patna High Court judgment* on attempting to remove a woman's salwar
- *Arbitration cases*, including one involving ICICI Lombard, where the court has ruled that a revision petition under Article 227 of the Constitution of India is not maintainable against an Arbitral Tribunal's rejection of Section 16 application
- *Impact on ICICI Lombard's motor third-party portfolio* due to a recent Supreme Court judgment.
The company has attributed the decline in profit to the impact of two large fire losses and the Supreme Court's verdict in motor TP business.
ICICI Lombard's share price has crashed 15% to a 52-week low after Q1 profit tanks 46%.
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