National Insurance Company Limited Thru. Manager Legal Deptt. Lko. v. Pratigya Devi and 5 Others
Case brief
What is this about?
First appeal from an order of the Motor Accident Claims Tribunal allowing partial release of decretal amount on deposit by the appellant insurer. Directions issued for remaining amount investment and case listing.
What did the court decide?
Deposit decretal amount (adjusted for statutory deposit) within four weeks to prevent coercive action; release 50% to claimants; invest balance in fixed deposit for one year.