Summary:
Owner Surinder Singh Sabharwal alias Gulla Seth on Saturday estimated the losses at over Rs 50 lakh. The three businessmen assess their losses at over Rs 50 lakh. AURANGABAD: Most owners of the shops that were damaged or burnt by mobs on Friday night are small-time businessmen and do not have insurance policies. He had, however, insured the shop but the cover is not more than Rs 10-12 lakh. And traders with comparatively bigger businesses say that they do not have comprehensive insurance and the damage is huge.Mobs vandalised and burnt 40 to 50 shops in Shahgunj, Rajabazaar and Nawabpura areas during the violence night-long violence..