Ruling in Export Credit Guarantee Corporation of India Ltd v M/s Garg Sons International, a single judge of the Supreme Court recently held that while construing the terms of a policy, a court “is not expected to venture into extra liberalism that may result in re-writing the contract or substituting the terms which were not intended by the parties”, and that an insured party “cannot claim anything more than what is covered by the insurance policy”.
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The update of court judgments is compiled by Bhasin & Co, Advocates, a corporate law firm based in New Delhi. The authors can be contacted at lbhasin@bhasinco.in or lbhasin@gmail.com. Readers should not act on the basis of this information without seeking professional legal advice.
