National Insurance Company Limited, Lko. Thru. Regional Manager v. Madan Lal @ Mohanlal and Others
Case brief
What is this about?
Interim release of deposited motor accident compensation: Allahabad High Court (Lucknow Bench), Prashant Kumar J., allows I.A. 4 of 2024 in FAFO No. 33 of 2024 (National Insurance Company Ltd. v. Madan Lal @ Mohanlal and Others), decided February 6, 2026. Claimants-respondents to apply to the Tribunal concerned within two weeks for withdrawal of the amount deposited in compliance of the Court's order dated 06.03.2024; Tribunal to release 50% of deposit with interest in equal proportionate shares per impugned award directions against security/indemnity bond within four weeks; balance 50% in maximum interest bearing fixed deposit of nationalized bank till appeal decided; case listed July 2026. Counsel: Ajeet Srivastav (appellant), Satendra Nath Rai (respondents).
What did the court decide?
Application (I.A. 4 of 2024) for withdrawal of the deposited compensation amount allowed: claimants-respondents may move an appropriate withdrawal application before the Tribunal concerned within two weeks; the Tribunal shall then release 50% of the deposit with interest in equal proportionate shares per the impugned award's directions, on furnishing a security/indemnity bond within four weeks; the remaining 50% is to be invested in a maximum interest bearing fixed deposit of a nationalized bank till final decision of the appeal; case listed in July, 2026.