Disposed
Silabai Kaduba Binniwale and Ors. v. the New India Assurance Co. Ltd.., Thr Its Div. Manager, Aurangabad and Ors.
Bombay HCCA/8763/2018
Case brief
AI extract
What is this about?
This single-paragraph order permitted the applicants to withdraw interest earned on fixed deposits held in the name of minors. The court held the request justifiable for day-to-day and educational expenses and directed payment of accrued interest to applicant no.1.
What did the court decide?
Interest earned on fixed deposits in the name of minors to be paid to applicant no.1; entitlement to quarterly interest until decision of the appeal.