Phoenix Mills becomes the first Indian company to secure parametric trigger-based insurance to protect against pandemic- or epidemic-related business interruption losses.
According to the tribunal, K-SURE's prior knowledge of the dispute was deemed sufficient grounds to reject its application to initiate corporate insolvency against Amrit Polychem.
The draft regulations, open for a 60-day public consultation, outline new governance and contract management requirements for insurers' outsourced operations.
