Export Credit Guarantee Corpn.,India ... vs M/S.Garg Sons International

The Supreme Court addressed appeals against a judgment by the National Consumer Disputes Redressal Commission regarding claims made by M/s Garg Sons International under an insurance policy with Export Credit Guarantee Corporation of India Ltd. The Court held that the insured failed to comply with Clause 8(b) of the insurance agreement, which required timely notification of defaults by the foreign importer. Consequently, the Court upheld the rejection of claims that did not meet this requirement, affirming the lower court's decision to allow only certain claims while rejecting others due to non-compliance with statutory obligations under the Consumer Protection Act, 1986.