Supreme Court Upholds Insurer’s Exclusion of STFI Perils in Insurance Claim: Shree Ambica Medical Stores vs. Surat People’s Co-operative Bank (2020)

/ Ajay Rastogi, Consumer Law, Dhananjaya Y Chandrachud, Exclusion Clause, Insurance Law, Insurance Law with Section 64VB, Insurance Policy, Judges

Supreme Court Upholds Insurer’s Exclusion of STFI Perils in Insurance Claim: Shree Ambica Medical Stores vs. Surat People’s Co-operative Bank (2020) LEGAL ISSUE: Whether an insurance company can exclude specific perils (STFI) from a renewed insurance policy, and if so, whether the insured is bound by such exclusion if they were aware of it. CASE […]

Supreme Court Upholds Insurer’s Exclusion of STFI Perils in Insurance Claim: Shree Ambica Medical Stores vs. Surat People’s Co-operative Bank (2020) Read Post »