EXPORT CREDIT GUARANTEE CORPN.,INDIA LTD vs M/S.GARG SONS INTERNATIONAL

The Supreme Court addressed appeals against the National Consumer Disputes Redressal Commission's order under Section 19 of the Consumer Protection Act, 1986. The Court held that the insurer, Export Credit Guarantee Corporation of India Ltd., was justified in rejecting claims due to the insured's failure to comply with Clause 8(b) of the insurance agreement, which required timely notification of defaults by foreign importers. The Court affirmed the lower commission's decision regarding the acceptance of 5 claims and the rejection of 11 claims, clarifying the correct interpretation of the judgment's findings.