As per case facts, National Insurance Company limited appealed against a decree ordering them to pay damages for an alleged theft of stock from M/s Monalisa Emplorium's shop, which was ... insured under a shopkeepers policy. The plaintiff claimed a theft occurred, but the insurer repudiated the claim, arguing the incident was not genuine, policy conditions were violated, and the alleged event did not qualify as theft or burglary under the policy. The trial court had initially decreed the suit against the insurance company, leading to this appeal. The question arose whether the alleged incident of stock removal constituted theft or burglary within the insurance policy's scope, given the circumstances of the incident, the plaintiff's delayed reporting, and failure to take appropriate actions as per policy conditions. Finally, the High Court found that the incident, where persons known to the plaintiff's wife took stock in broad daylight without significant resistance, did not constitute 'theft' or 'burglary' as defined by the policy. The plaintiff also failed to comply with policy conditions regarding immediate reporting and pursuing legal action against the alleged culprits. Consequently, the High Court concluded that the insurer had rightly repudiated the claim, overturned the trial court's judgment, and dismissed the suit for damages.