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Life Insurance Corpn. Of India vs Shri Raj Kumar Rajgarhia & Anr. on 23 February, 1999

In Life Insurance Corporation of India v. Raj Kumar Rajgarhia and Anr. "It is not always possible to be guided by the meaning of the words as found in the dictionary while resorting to interpret the actual meaning of a word found in an agreement between the parties. While construing the meaning of a particular word found in an agreement between the parties the intention of the parties to the document in question will have to be given necessary weightage and it is not possible to give a wider and liberal meaning merely because one of the parties to the said agreement is a public authority. While interpreting the terms of the insurance policies if two views are possible, Courts will accept the one which favours the policy-holders."
Supreme Court of India Cites 2 - Cited by 37 - Full Document

National Insurance Co. Ltd. And Anr. vs Yodeva Synthetic Private Ltd. on 21 March, 2006

38. He quoted the judgment of National Commission, IV (2006) CPJ 210, National Insurance Company Ltd. and Anr. v. Yodeva Synthetic Private Ltd. "Mainly four pleas have been taken by the appellant--firstly, that the incident of burglary took place on 6.12.1992 whereas, this factum was reported to the appellant Insurance Company only in January, 1993; secondly, the factum of factory having been closed, was never brought to the notice of the appellant, thus violating condition 2 of the terms of the policy; thirdly, for almost 9 months after the episode of burglary, surveyor was not permitted to enter the premises to assess the loss; and fourthly, no evidence has been brought on record about the quality of stocks available in the godown at the time of incident."
National Consumer Disputes Redressal Cites 0 - Cited by 7 - Full Document

Smt. Shashi Gupta vs Life Insurance Corporation Of India And ... on 24 February, 1995

In Shashi Gupta (Smt.) v. Life Insurance Corporation of India and Anr. II (1995) CPJ 15 (SC) : 1995 Supp (1) Supreme Court Cases 754, it is held that as both the aforesaid interpretations are reasonably possible, we would accept the one which favours the policyholder, as the same advances the purpose for which a policy is taken and would be in consonance with the object to be achieved for getting lives assured.
Supreme Court of India Cites 0 - Cited by 55 - B L Hansaria - Full Document
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