Updates/Latest News

Updates/Latest News

India : Supreme Court Judgement Narsingh Ispat Ltd. VS Oriental Insurance Company Ltd. & Another

“When the policy itself defines the acts of terrorism in the Exclusion Clause, the terms of the policy being a concluded contract will govern the rights and liabilities of the parties. Therefore, the parties cannot rely upon the definitions of ‘terrorism’ in various penal statutes since the Exclusion Clause contains an exhaustive definition of acts of terrorism”

Judgement can be seen here.