https://www.taxtmi.com/caselaws?id=301613 The Supreme Court emphasized the duty of disclosure in insurance contracts, ruling in favor of the insurer in a case involving a repudiated claim for a hydraulic excavator machine that caught fire. The Court held that the insured's non-disclosure of previous insurance claims constituted a breach of the duty of utmost good faith. Emphasizing the insured's obligation to disclose all material facts affecting the insurer's decision, the Court overturned lower commission decisions and dismissed the insured's complaint, underscoring the importance of transparency and full disclosure in insurance dealings. en-us Mon, 01 Apr 2019 00:00:00 +0530 Fri, 09 Sep 2022 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301613 The Supreme Court emphasized the duty of disclosure in insurance contracts, ruling in favor of the insurer in a case involving a repudiated claim for a hydraulic excavator machine that caught fire. The Court held that the insured's non-disclosure of previous insurance claims constituted a breach of the duty of utmost good faith. Emphasizing the insured's obligation to disclose all material facts affecting the insurer's decision, the Court overturned lower commission decisions and dismissed the insured's complaint, underscoring the importance of transparency and full disclosure in insurance dealings. Case-Laws Indian Laws Mon, 01 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301613