Richardson & Cruddas had taken an insurance policy from National Insurance to cover the risks involved in the erection of electricity transmission lines between Durgapur and Jamshedpur, covering a distance of about 160 km. The policy was first taken in 1988 and then renewed from time to time with an enhancement of the coverage sum.
On September 6, 1992, some miscreants stole the conductors from a section of the transmission line. Another similar theft occurred on October 2, 1992. This caused substantial loss to the company. A first-information report (FIR) was lodged with the police.
The insurer was also intimated as the policy
