The New India Assurance Company Ltd., Legal Cell, Lko. Thru. Manager v. Malik Ram and 5 Others
Case brief
What is this about?
New India Assurance Co. Ltd. v. Malik Ram & 5 others; FAO (Defective) No. 39 of 2026; High Court of Judicature at Allahabad, Lucknow Bench; Prashant Kumar, J.; order dated February 25, 2026; motor accident claim; deposit of compensation with interest pending appeal; adjustment of statutory deposit; MACT Balrampur; M.A.C.P. No.77 of 2017; impugned award dated 13.10.2025; investment in nationalized bank fixed deposit at highest interest; listing first week of May 2026; counsel for appellant Ashish Kumar Srivastava; no counsel for respondents.
What did the court decide?
Interim direction only: the appellant-insurer is to deposit the entire compensation amount with up-to-date interest, after adjusting the statutory deposit, before the Tribunal within six weeks; the deposited amount is to be placed in a highest-interest fixed deposit with a nationalized bank, subject to further orders in the pending appeal. The appeal itself remains undecided.