Smt. Shashi Gupta vs Life Insurance Corporation Of India And ... on 24 February, 1995
17. In our opinion, there is also no force in the argument of the defendant that a liberal and wider meaning should be given to the expression "amount due and payable" because one of the parties to the agreement is a public authority. This view of ours is also supported by a decision of this Court in the case of Smt. Shashi Gupta v. L.I.C. AIR 1995 SC 1367 wherein it is held that while interpreting the terms of the insurance policies if two views are possible, courts will not (sic) accept the one which favours the policy holders.