#assignment

The Bombay High Court held that an assignee of ownership rights is not bound by an arbitration clause in a development agreement unless the arbitration agreement is expressly assigned or accepted. The court also ruled that limitation objections fall within the arbitral tribunal's jurisdiction under Section 16, not the Section 11 court's purview at the appointment stage.

When a bank lawfully assigns a life-insurance policy to secure a loan under the SARFAESI Act, the insurer cannot be held liable for alleged deficiencies in surrender processing. The NCDRC ordered the bank to release the surrender proceeds with interest, clarifying that insurer obligations end upon valid assignment and protecting lenders and consumers in similar arrangements.