Shriram Genral Insurance Company Limited v. Smt. Madhuri Devi and 3 Others
Case brief
What is this about?
Conditional stay of execution of motor accident award pending appeal; Allahabad High Court, FAO No. 357 of 2025, order dated 12.3.2025 by Dinesh Pathak, J.; Shriram Genral Insurance Company Limited v. Smt. Madhuri Devi And 3 Others; tribunal award dated 12.11.2024 in MACP No. 1070/2020; stay of realization of awarded amount against insurance company; deposit of entire amount with interest with tribunal within two months; 50% reimbursement to claimants without surety; remaining 50% in Fixed Deposit in nationalised bank; statutory deposit remitted to tribunal for adjustment; automatic vacation of interim order and immediate executability of award on default; notices through RPAD fixing 14.05.2025; exchange of affidavits.
What did the court decide?
Interim relief on the stay application: realization of the awarded amount against the appellant (Insurance Company) in pursuance of the tribunal's judgment and order dated 12.11.2024 in MACP No. 1070/2020 stayed in the meantime, conditional on the appellant depositing the entire amount with interest with the tribunal within two months; on deposit, 50% to be reimbursed to the claimants without furnishing surety as per the tribunal's terms, and the remaining 50% invested in a Fixed Deposit in a nationalised bank as decided by the tribunal; the statutory amount deposited in this Court to be remitted to the tribunal below for adjustment; on failure to deposit within the stipulated period, the interim order stands automatically vacated and the impugned Award becomes executable forthwith. Appeal admitted; record of the court below summoned; notices through RPAD and normal mode fixing 14.05.2025.