Partly allowed
Mrs.Diya Deepak Narvekar. v. the New India Assurance Company Ltd. and 5 Ors.
Bombay HCMCA/42/2016
Case brief
AI extract
What is this about?
In a miscellaneous civil application, the Court partly allowed the request for withdrawal of insurance compensation, permitting the release of half the amount while directing the remainder to be kept in fixed deposit with a return bond.
What did the court decide?
The applicant is permitted to withdraw half the compensation amount. The remaining amount must be invested in a Fixed Deposit Receipt with a bond to return it if the appeal is allowed.