National Insurance Co. Ltd. Faizabad Thru. Manager Legal v. Reeta and 4 Others
Case brief
What is this about?
The High Court appointed counsel to the insurance appellant. Upon deposit of the decretal amount with interest before the Motor Accident Claims Tribunal, the Court ordered release of 50% of the awarded amount to claimants and kept the balance in a fixed deposit account.
What did the court decide?
Appellant to deposit decretal amount with interest; 50% of award releaseable to claimants; balance kept in interest bearing fixed deposit.