https://www.taxtmi.com/caselaws?id=298849 The Supreme Court of India upheld the rejection of multiple insurance claims by an insurance company due to the insured's failure to comply with the contractual obligation of informing about default by a foreign importer within the stipulated period. The court emphasized strict interpretation of insurance agreements, ruling that only two out of 17 claims deserved acceptance while the rest were rejected for non-compliance with the agreement's terms. The judgment highlighted that insurance contracts must be strictly construed, and insured parties cannot claim more than what is covered by the policy. en-us Thu, 17 Jan 2013 00:00:00 +0530 Tue, 23 Nov 2021 11:16:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298849 The Supreme Court of India upheld the rejection of multiple insurance claims by an insurance company due to the insured's failure to comply with the contractual obligation of informing about default by a foreign importer within the stipulated period. The court emphasized strict interpretation of insurance agreements, ruling that only two out of 17 claims deserved acceptance while the rest were rejected for non-compliance with the agreement's terms. The judgment highlighted that insurance contracts must be strictly construed, and insured parties cannot claim more than what is covered by the policy. Case-Laws Indian Laws Thu, 17 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298849