A claim was lodged with Respondent No.
1 on 16 12 1997 for an amount of Rs.
46,00,000/ under the Burglary and House Breaking Policy.
46,00,000/ under the Miscellaneous Accident Policy, Rs.
45 of 2001 under Section 12 B read with Section 36 A of the Monopolies and Restrictive Trade Practices MRTP Act, 1969, which was rejected by the MRTP Commission, New Delhi by its Order dated 17 08 2005.
34,40,650/ under the Burglary and House Breaking Policy.
1 on 31 03 1998 on the ground that the alleged loss did number companye within the purview of the insurance policy.
The Appellant finances medium and large scale industries within the State of Orissa and is also involved in setting up joint sector industries with private entrepreneurs.
Aggrieved by the said Order, the Appellant has preferred the present Appeal.
40,74,000/ to M s. Josna Casting Centre Orissa Pvt.
The claim of the Appellant was repudiated by Respondent No.
The valuation reports given by GEC, Calcutta, the machines supplier and Alpha Transformer Ltd., Bhubaneswar were relied upon by the Appellant Claimant.
60,40,000/ under the Fire Policy and Rs.
The seized assets were put to auction by the Appellant on 22 01 1997 at which point of time it was detected that some parts of the plant and machinery were missing from the factory premises.
The Appellant registered an FIR on 25 01 1997 in the Remona Police Station, Balasore regarding the theft burglary of the plant and machinery.
1 about the theft and requested for issuance of a claim form.
The Appellant filed companypensation application No.
On 23 01 1996, the Appellant insured the said assets with Respondent No.
On 07 02 1997, the Appellant informed Respondent No.
Ltd. As the loan amount was number repaid, the Appellant exercising its power under Section 29 of the State Finance Corporation Act, 1951, took over the assets of M s. Josna Casting Centre Orissa Private Limited on 14 02 1992.
NAGESWARA RAO, J. The Appellant is a wholly owned Public Sector Undertaking of the Government of Orissa.
1 for a sum of Rs.
