National Insurance Company Ltd. Thru. Its Regional Manager Lko. vs Suresh Kumar and 2 Others — Allahabad HC (2026) — LawSathi Research

National Insurance Company Ltd. Thru. Its Regional Manager Lko. vs Suresh Kumar and 2 Others — Allahabad HC (2026) — LawSathi Research

What the court decided

AI extract

Outcome

Withdrawal application (I.A. No. 5 of 2024) allowed: claimants-respondents may move an appropriate withdrawal application before the Tribunal concerned within two weeks; on such application the Tribunal shall release 50% of the deposited amount with interest in equal proportionate shares as per the impugned award on furnishing 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.

Issue for consideration

Whether the claimants-respondents' application (I.A. No. 5 of 2024) for withdrawal of the compensation amount deposited by the appellant-Insurance Company in compliance of the Court's order dated 07.02.2024 should be allowed. +1 more

Court's answer

Cause shown in the affidavit supporting the withdrawal application is sufficient; the application is allowed to the extent that the claimants-respondents may move an appropriate application for withdrawal of the compensation amount before the Tribunal concerned within two weeks, there being no objection from learned counsel for the appellant-Insurance Company.

Ratio / Principle

If the claimants-respondents move such an application, the Tribunal concerned shall release 50% of the deposited amount along with interest in equal proportionate shares as per the directions in the impugned award, on furnishing security/indemnity bond within four weeks of moving the application.

Key takeaways

The remaining 50% of the deposited amount is directed to be invested in a maximum interest bearing fixed deposit of a nationalized bank till final decision of the appeal.ratio¶18

Detailed headnote1 paragraphs

Allahabad High Court (Lucknow Bench), Prashant Kumar, J. — FAFO No. 36 of 2024, National Insurance Company Ltd. v. Suresh Kumar & 2 others. On I.A. No. 5 of 2024 seeking withdrawal of the compensation amount deposited by the appellant-Insurance Company in compliance of the Court's order dated 07.02.2024, the Court found the cause shown in the supporting affidavit sufficient and allowed the application with safeguards: the claimants-respondents were permitted to move an appropriate withdrawal application before the Tribunal concerned within two weeks; upon such application the Tribunal was directed to release 50% of the deposited amount along with interest in equal proportionate shares as per the directions in the impugned award, on furnishing security/indemnity bond within four weeks; the remaining 50% was ordered to be invested in a maximum interest bearing fixed deposit of a nationalized bank till final decision of the appeal. Learned counsel for the appellant-Insurance Company raised no objection. Appeal listed for July, 2026 (order dated February 6, 2026).

HIGH COURT OF JUDICATURE AT ALLAHABAD LUCKNOW

FIRST APPEAL FROM ORDER No. - 36 of 2024

National Insurance Company Ltd. Thru. Its Regional Manager Lko.

.....Appellant(s)

Versus

Suresh Kumar And 2 Others		.....Re	spondent(s)
Counsel for Appellant(s) Counsel for Respondent(s)	: Ajeet Srivastav : Gaurav Singh, Suyash Bajpai	Satendra	Nath Rai,

Court No. - 20

HON'BLE PRASHANT KUMAR, J.

I.A. 5 of 2024

Heard learned counsel for the parties.

This is an application for withdrawal of compensation amount deposited by the appellantInsurance Company in compliance of this Court's order dated 07.02.2024.

Cause shown in the affidavit filed in support of the application is sufficient to the satisfaction of the Court.

Learned counsel for the appellant-Insurance Company has no objection.

In view of the above, application for withdrawal of the money is allowed to the extent that the claimants-respondents may move an appropriate application for withdrawal of the compensation amount before the Tribunal concerned within a period of two weeks. If such an application is moved by the claimants respondents, the Tribunal concerned shall release 50% of the deposited

FAFO No. 36 of 2024

2

(Prashant Kumar,J.)

amount along with interest in equal proportionate as per direction given in the impugned award on furnishing security/indemnity bond within four weeks from moving the application for the same. The remaining 50% amount is directed to be invested in a maximum interest bearing fixed deposit of a nationalized bank till final decision of this appeal.

List this case in July, 2026.

February 6, 2026 Raj

Digitally signed by :- RAJ NIGAM High Court of Judicature at Allahabad, Lucknow Bench