National Insurance Company Ltd. Thru. Regional Manager,Regional Office, Lucknow v. Srikrishna and Others
Case brief
What is this about?
FAFO No. 280 of 2024; National Insurance Company Ltd. (insurer/appellant) v. Srikrishna and Others (claimants); Allahabad High Court, Lucknow Bench; Prashant Kumar, J.; order dated 26.11.2025 on IA/05/2025; motor accident compensation; withdrawal of amount deposited in compliance of order dated 03.09.2024; release of 50% of deposited amount with proportionate interest per impugned award within four weeks; remaining 50% in fixed deposit of nationalized bank till disposal of appeal; statutory deposit Rs.25,000/- to Claims Tribunal; interim/procedural order; appeal pending, next listed 20.02.2026; counsel: Deepak Kumar Agarwal (appellant), Ajit Verma, Mohd Kashif Iqbal, Vineet Kumar Mishra (respondents).
What did the court decide?
Application IA/05/2025 allowed to the extent that the claimants-respondents may move an appropriate withdrawal application before the Tribunal concerned within ten days; on such application, the Tribunal to release 50% of the deposited compensation with interest apportioned in equal proportionate as per the impugned award within four weeks, the remaining 50% to be invested in a maximum interest bearing fixed deposit of a nationalized bank till final decision of the appeal; statutory deposit of Rs.25,000/- to be transmitted to the Claims Tribunal within two weeks; the appeal itself remains pending and is listed on 20.02.2026.