M/S BHS INDUSTRIES vs EXPORT CREDIT GUARANTEE CORP.

The Supreme Court upheld the decision of the National Consumer Disputes Redressal Commission, affirming the State Commission's ruling that the appellant's claim was barred by limitation and untenable under the policy terms. The Court emphasized that the appellant failed to comply with the necessary formalities for additional credit limits and did not provide timely notice of the shipments. Consequently, the appeal was dismissed, reinforcing the importance of adhering to policy conditions and timelines in insurance claims.