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1997 Supreme(AP) 1016

NEELAM SANJIVA REDDY, S.PARVATHA RAO
Regional Manager, Oriental Fire and General Insurance Company, Madras – Appellant
Versus
Savoy Solvent Oil Extractions Ltd. , Nizamabad – Respondent


S. PARVATHA RAO, J.

( 1 ) THESE two cross appeals are preferred against the judgment and decree of the learned Subordinate Judge at Nizamabad in O. S. No. 84 of 1980 dated 29-6-1985. The suit is for recovery of rs. 60,71,174. 57 ps with future interest at 18% per annum claimed under three fire insurance policies marked as Exs. A. l to A. 3 and the learned Subordinate Judge partly decreed the same for a total amount of Rs. 22,70,800-00 with 12% interest from 9-6-1980, the date of presentation of the suit, and proportionate costs. A. S. No. 213 of 1987 is preferred by the first plaintiff Company which was the insured under Exs. A. l to A. 3 (hereinafter referred to as the plaintiff company ). A. S. No. 1423 of 1986 is preferred by the defendants who represent Oriental Fire and general Insurance Company, the insurer under the said three policies, and they will be referred to hereafter as the Insurance company . As the two appeals arise out of the same suit, they are heard together and are being disposed of by this common judgment. They give rise to questions relating to salvage and computation of amount payable under fire insurance policies for loss sustained by the plaintiff compa


























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