Section 60 in The Marine Insurance Act, 1963
60. Constructive total loss defined .-(1) Subject to any express provision in the policy, there ... constructive total loss where the subject-matter insured is reasonably abandoned on account of its actual total loss appearing to be unavoidable, or because
total loss, as hereinafter defined, is a partial loss.
(2) A total loss may be either an actual total loss, or a constructive total loss ... from the terms of the policy, an insurance against total loss includes a constructive, as well as an actual, total loss. (4) Where the assured
Section 61 in The Marine Insurance Act, 1963
61. Effect of constructive total loss .-Where there is a constructive total loss the assured may either
registry of which was closed by reason of wreck, abandonment constructive loss, sale to foreigners or for any other reason
railroad or tramroad answerable for loss or damage
].-The liability of the owner of any railroad or tramroad constructed under the provisions of the said ... Land Acquisition Act, 1894 ( 1 of 1894 ), Section 2.] , for the loss of or damage to any [property (including container, pallet or similar article
Section 72 in The Companies (Accounting Standards) Rules, 2006
72. Impairments or losses of items of property, plant and equipment, related claims for or payments ... profit or loss when it becomes receivable; and (d) the cost of items of property, plant and equipment restored, purchased or constructed as replacements
that any asset, being land, building, machinery, plant or furniture acquired or constructed by the fund, trust, company, association of persons, body of individuals, society ... allowance shall be allowed in respect of any marked to market loss or other expected loss, except as allowable under clause (xviii) of sub-section
liability by special contract .-The liability of any common carrier for the loss of or damage to any [property (including container, pallet or similar article ... such carrier, not being the owner of a railroad or tramroad constructed under the provisions of [Act 22 of 1863] [Now see the Land Acquisition
equivalent cost of the house gay be offered in lieu of the constructed house:
Provided also that no family affected by acquisition shall be given ... lost, or who has, as a consequence of the acquisition or loss of land, been reduced to the status of a marginal farmer or landless
being part of a ship which is being, or has been, constructed by the person from time to time carrying on the business, as they ... ship is with the person for whom the ship is being constructed, with the substitution for references to the acceptance of the ship under
