Mangal Namdeo Suryawanshi and Ors. v. United India Insurance Co. Ltd. and Ors.
Case brief
What is this about?
This civil application allowed two applicants to withdraw sums from a fixed deposit upon furnishing solvent security of equivalent value, while deferring consideration for minor applicants and directing the balance remain in deposit.
What did the court decide?
Allowed withdrawal of Rs. 50,000 and Rs. 30,000 upon furnishing solvent security of like amount; remaining amount kept in fixed deposit; application regarding minors not considered then.