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february 2023

Supreme Court of India · 2023-02-09

KARNAVATI VENNERS PVT. LTD. vs NEW INDIA ASSURANCE CO. LTD. .

Citation / case number
SC 2013/9266
Court
Supreme Court of India
Petitioner
KARNAVATI VENNERS PVT. LTD.
Respondent
NEW INDIA ASSURANCE CO. LTD. .
Author
HON'BLE MR. JUSTICE AJAY RASTOGI
Bench
HON'BLE MS. JUSTICE BELA M. TRIVEDI HON'BLE MR. JUSTICE AJAY RASTOGI

Judgment text excerpt

The Supreme Court examined a dispute involving the repudiation of an insurance claim by the insurer, based on alleged breach of policy conditions. The appellant, a veneer manufacturing company, suffered a fire loss after factory closure and was denied claim settlement for failure to submit certain documents. The court analyzed whether the insurer's repudiation was justified under the policy terms and the facts of the case, ultimately affirming the lower tribunal's decision. The judgment underscores the importance of compliance with policy conditions for claim acceptance.

KARNAVATI VENNERS PVT. LTD. vs NEW INDIA ASSURANCE CO. LTD. . · Niyam