The Plaintiff which is a Public Limited Company, registered under the Companies' Act, 1913, owns and runs three Divisions known as (i) Century Rayon Division, (ii) Century Rayon Tyrecord Division and (iii) Century Chemicals. All the three Divisions are situated at Murbad Road, Kalyan. The Defendants are companies which carry on General Insurance business. Between the period 1st January 1977 and 1st January 1978, the Plaintiff obtained seven Insurance Policies from the Defendants, namely:

a) Policy No.1110/0/0/F/2126 (inter alia covering the building, machinery and accessories of the Rayon division);

b) Policy No.1110/0/0/F/2128 (inter alia covering the stock and stock-in-process of the Rayon division;

c) Policy No.1110/0/0/F/2129 (inter alia covering the building, machinery and accessories of the Tyrecord division;

d) Policy No.1110/0/0/F/2131 (inter alia covering the stock and stock-in-process of the Tyrecord division;

e) Policy No.1110/0/0/F/2132 (inter alia covering the building, machinery and accessories of the Chemicals division;

f) Policy No.1110/0/0/F/2134 (inter alia covering the stock and stock-in-process of the Chemicals division;

g) Policy No.1110/0/0/F/2135 (