Asian Paint Industries Ltd. v. Insurance Corporation of Ceylon Ltd. – sllr 1992 volume 1 page 270

In the case between Asian Paint Industries Ltd. and Insurance Corporation of Ceylon Ltd., the court addressed whether the insured’s failure to disclose material facts—including misrepresentations about security arrangements and the existence of partnership disputes—constituted a breach of the duty of utmost good faith (uberrima fides) in an insurance contract, and whether delayed notification affected enforceability of policy conditions. It was held that non-disclosure and misrepresentation by the Plaintiff-Appellant, involving crucial facts about security and partnership, deprived the insurer of full knowledge of risk. The principle reaffirmed was that material non-disclosure voids an insurance contract, referencing Carter v. Bocha, Lee v. British Law Insurance Co., Ltd., and Verelsts Adm