India: Supreme Court Judgement: M/S Modern Insulators Ltd vs The Oriental Insurance Co. Ltd (Civil Appeal No.-006895-006895 – 1997) (22 February, 2000) – When insurer does not disclose any exclusion to the insured, it cannot enforce the same in the event of a claim.
“It is the fundamental principle of insurance law that utmost good faith must be observed by the contracting parties and good fath forbids either party from non-disclosure of the lads which the parties known. The insured has a duty to ...
India: Supreme Court judgement: United India Insurance Co. Ltd. Versus M/s Hyundai Engineering & Construction Co. Ltd. & Ors. – Civil Appeal No. 1496 OF 2023(May 16,2024)
“Insurance is a contract of indemnification, being a contract for a specific purpose1, which is to cover defined losses2. The courts have to read the insurance contract strictly. Essentially, the insurer cannot be asked to cover a loss that is ...
RIMS: Fighting Cyber Insurance Denials Over the “Human Factor”RIMS:
Fighting Cyber Insurance Denials Over the “Human Factor” ...
India: Supreme Court Judgement: COMMISSIONER OF CENTRAL EXCISE BELAPUR APPELLANT(S) VERSUS JINDAL DRUGS LTD. RESPONDENT(S) (CIVIL APPEAL NOS. 788-790 OF 2022 – APRIL 30, 2024) – Does the process labeling/ relabeling amount to manufacturing?
“According to the third member, any one of the three activities referred to in Note 3 i.e. (i) labelling or relabelling, (ii) packing or repacking from bulk and retail packing and (iii) adoption of any other treatment to render a ...
THOMSON REUTERS: Legal terms glossary
Legal terms glossary ...
MOODY’S: The 10 major risks shaping insurance today
The 10 major risks shaping insurance today ...
