Icici Lombard General Insurance Co. Ltd. v. Satya Prakash and 3 Others
Case brief
What is this about?
Insurer's appeal against a motor accident compensation award; court summoned the tribunal record, issued notices to respondents, and stayed execution of the award conditional on deposit of the awarded amount with interest, part payable to claimants.
What did the court decide?
Execution of award stayed subject to deposit of entire awarded amount with interest within two months; 50% released to claimants, 50% in fixed deposit; statutory deposit remitted to tribunal.