https://www.taxtmi.com/caselaws?id=197781 The SC held that contractual clauses in a fidelity insurance guarantee bond requiring claims to be lodged within six months of contract termination do not bar suits filed after this period. The court distinguished between asserting rights under the contract versus filing suit for enforcement. The six-month restriction applied only to making claims, not instituting legal proceedings. The limitation period for suits commences when the insurer refuses to honor claims. The HC erred in holding suits were time-barred under the contractual restriction. Appeals allowed, trial court decrees restored. en-us Tue, 15 Feb 1994 00:00:00 +0530 Wed, 02 Jul 2025 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197781 The SC held that contractual clauses in a fidelity insurance guarantee bond requiring claims to be lodged within six months of contract termination do not bar suits filed after this period. The court distinguished between asserting rights under the contract versus filing suit for enforcement. The six-month restriction applied only to making claims, not instituting legal proceedings. The limitation period for suits commences when the insurer refuses to honor claims. The HC erred in holding suits were time-barred under the contractual restriction. Appeals allowed, trial court decrees restored. Case-Laws Companies Law Tue, 15 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197781