Liaison office (under rbi)- resolving assets theft?


Dear Seniors, 

We are a Liasion Office/LO (setup by RBI Permission). Our bank account is only to receive remittances from Head Office outside India. As any other fully functional office we have fixed assets. The following scenario has occured for which i seek a resolution:

One of the office's asset got stolen (due to staff negligence) and hence insurance company rightfully declined insurance claim. Now we need help to know how to recover this asset. Taking amount of laptop or a replaced laptop is not possible as we are a LO and that would reflect as Credit in our book of accounts.

How can this be resolved? Pls give legal opinion.

Thanks,

Vineeta

 
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Advocate

Did police complain registered. If so, you can get 'Not traceable 'report and take further decision. ie either to replace, write off the value.If insured claim it from the insurance compay.

 
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