date for the insurance claim and to settle the claim,
as constructive total loss, because the repair cost of vehicle
was more than ... policy period without any further depreciation for
the purpose of total loss/constructive total loss claims. As per
terms of policy, OP has to consider
following effect :-
“GROSS LOSS Both types of claim settlement
possibilities viz. in Partial Loss and
Constructive Total Loss basis were
explored. Finally, it was established ... insured value. Hence, we have
considered it as case of Constructive
Total Loss.
Considering the above, the Gross Loss
comes around
complainant and accused are doing constructions
material business at Bengaluru. After loss of constructions
material business, the accused has doing sites sale business and
real ... complainant and
accused are doing constructions material business at
Bengaluru. After loss of constructions material business, the
accused has doing sites sale business and real
deductions to an undertaking engaged
in the business of developing and constructing housing projects under certain
circumstances noted above. It does not provide that ... Residency, Pratham Citadel, Pratham Vatika Ahmedabad and Pratham Vistas regarding
the loss in constructible area on account of the various factors stated. In the said
construction of first floor. Surveyor-cum-
loss assessor has specifically mentioned in his report that
ground floor was constructed in the year 2006 and walls ... laid over steel
pillars and walls are yet to be constructed. Surveyor-cum-loss
16
New India Assurance Company Ltd. Versus Asha
appointed by the petitioner to inspect the vehicle and to assess the loss to the complainant. The surveyor estimated the cost of repair ... option to the insurer to settle the claim on CTL (Constructive Total Loss) basis, by deducting
adjusted to the cost of
asset so acquired or constructed. However, the amount of loss pertaining
to the balance of loan not utilized for acquisition ... adjusted to the cost of asset so acquired or constructed. However, the amount
of loss pertaining to the balance of loss not utilized for acquisition
service since it was a Joint Venture of sharing profit and loss for constructing a building and the complainant who proposed to purchase the portion
about illegal grabbing of State land causing huge losses to the government exchequer and about illegal constructions upon such State lands.
In the petition
injury or loss
is likely to result from the act done or from the omission to act. It
imports a constructive intention ... injury
or loss is likely to result from the act done or from the omission
to act. It imports a constructive intention
