J.M. Malik, Presiding Member—The major portion of the claim made by the complainant already stands settled through a full and final settlement discharge voucher, executed between the parties. The only controversy which survives between the parties is that, whether, the cable box was not an integral part of Rectiformer No.4 and whether, the claim in respect of Rectiformer No.4 would fall within the Exclusion Clause ‘g’ of the Policies in question.

2. M/s. Grasim Industries Ltd., the complainant, is a company which has its registered office at Birlagram, Nagda, M.P. It is a well-diversified and flagship company of the Aditya Birla Group. Its main products are cement, Viscose Staple Fibre (VSF), sponge iron, chemicals and textiles. The complainant commissioned a most sophisticated caustic soda plant at Birlagram in the year 1972 which can produce caustic soda in India, with a capacity of 1,60,600 tons per annum.

3. The complainant, for valuable consideration, renewed its Fire Policy ‘C’ for a period of 12 months from 01.04.1992 to 31.03.1993 for an initial sum of Rs.104,43,52,0