Disposed
Magma Hdi General Insurance Co. Ltd., Thr Its Legal Officer, Ahmadabad v. Laxmibai Ananda Khomane and Ors.
Bombay HCCA/3854/2018
Case brief
AI extract
What is this about?
This order permitted an applicant to withdraw 60% of deposited insurance proceeds with interest subject to an undertaking, while the balance 40% was to remain in a fixed deposit. It disposed of the civil application regarding withdrawal.
What did the court decide?
Permitted withdrawal of 60% deposited amount with interest; balance 40% to be in fixed deposit.