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19. According to Shri Parag P. Tripathi, learned Additional Solicitor General appearing on behalf of the respondent-Oriental Insurance Co. Ltd. ("OIC"), the principle issue raised revolves around the meaning and purport of the compendious expression "any Public Sector Undertakings or any Corporation established by or under any Central or State Act." According to the learned counsel, a Government Company is sui generis in structure and in statutory treatment thereof, therefore, it does not fall within the above compendious expression. According to the learned counsel, the exclusion clause, namely, Section 3(1)(b) applies to PSUs established by or under any Central or State Act but not to a Government company, like the OIC, which is not so established.