exceeds 75% of the IDV, it was
to be treated as Constructive Total Loss. In the present case, the
repair expenses have exceeded
After verifying all
the documents surveyor has considered the loss as constructive total
loss and held that the same is covered under the policy ... exceeds the Insured
Value, hence this loss can be considered as CONSTRUCTIVE TOTAL LOSS
(CTLO). In our opinion, salving of the barge then repairing
dated 24.8.98 declared that - "The
vehicle is totally damaged, economically unrepairable
or constructive total loss."
3.
The vehicle was removed to the authorised ... report certifying the vehicle
to be totally damaged and economically unrepairable
i.e. constructively a total loss and the estimate of Rs.574721 made
PERCENT OF THE IDV THEREFORE THIS IS A CASE OF CONSTRUCTIVE TOTAL LOSS SUBJECT TO ADMISSIBILITY OF THE CLAIM BY THE INSURER ON THE BASIS
Plant at Kherwari in Gujarat to the
location where Pillars were being constructed. The truck
was carrying Aggregate (Rori/bajri). The load was
approximately ... vehicle was still not repaired as it was
irreparable being a total loss. The repair estimate was
obtained from VG Automobiles, authorized Dealer of
Eicher
intended for her)
hull sustain damage not amounting to total or constructive or
compromised total loss, this Contract shall not be invalidated ... deemed
to become at any time a total or constructive, arranged or
compromised total loss the Builder shall refund to the Owner the
instalments
Dy.Cit Cc -5(2) Cent. Rg. -5, Mumbai vs M/S. Ipca Laboratories Ltd
Tamil Nadu Panchayats Act, 1994
TAMILNADU
India
Tamil Nadu Panchayats Act, 1994
Act 21 of
recasting the trading and profit and loss account
through method indicated, i.e., division of total expenditure by number
of units in each phase ... sale proceeds
whereof are credited to the profit loss account in that year) and
the total cost of land of each phase.
(IV) For arriving
there was no actual or physical delivery, the loss, if any, would be a loss in a speculative transaction which could be allowed ... Occupation, Ouster, Possession; Residence, Scisin; Total loss,"
The actual has to be in contradistinction to symbolic or constructive possession or occupation