National Insurance Co. Ltd. Thru. Its Regional Manager Lko. v. Ekta Agarwal and Others
Case brief
What is this about?
Conditional release of deposited compensation pending appeal; claimants to apply to Tribunal within 10 days; Tribunal to release 50% of deposit with interest in equal proportionate per impugned award directions against security/indemnity bond within 4 weeks; balance 50% in maximum interest bearing fixed deposit with Nationalized Bank till final decision of appeal; statutory deposit Rs.25,000/- to be transmitted to Tribunal within 2 weeks; National Insurance Co. Ltd. v. Ekta Agarwal and Others; FAFO 44 of 2024; C.M. Application No. IA/3/2025; High Court of Judicature at Allahabad, Lucknow Bench; Prashant Kumar, J.; order dated 12.03.2024; heard January 6, 2026; next hearing 08.04.2026.
What did the court decide?
Release application allowed conditionally. Claimants-respondents to move an application for withdrawal of the compensation amount before the concerned Tribunal within ten days; on such application the Tribunal shall release 50% of the deposited amount along with interest in equal proportionate (per the directions in the impugned award) against a security/indemnity bond furnished 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. The statutory deposit of Rs.25,000/- in the High Court is to be transmitted to the Tribunal within two weeks for adjustment. Appeal listed on 08.04.2026.