The New India Assurance Company Limited v. Nihal and 3 Others
Case brief
What is this about?
New India Assurance Company Limited; Nihal and 3 others; FIRST APPEAL FROM ORDER No. - 496 of 2025; High Court of Judicature at Allahabad; Dinesh Pathak J.; Tribunal judgment/award dated 29.11.2024; appeal admitted; stay application; realization of awarded amount stayed; deposit of entire awarded amount with interest within two months; 50% reimbursement to claimants; 50% fixed deposit nationalized bank; statutory amount remitted to Tribunal; automatic vacation of stay; offending Trailer used in violation of insurance policy; interest on income of future prospects; notices R.P.A.D.; next date 08.05.2025.
What did the court decide?
Appeal admitted; interim stay of realization of the awarded amount until further orders, conditional on the appellant depositing the entire awarded amount with interest before the Tribunal within two months, failing which the stay automatically vacates and the award becomes executable; on deposit, 50% to be reimbursed to claimants and 50% kept in fixed deposit.