Smt.Rupali Laxman Zanje and Ors. v. Bajaj Alliance General Insurance Company Limited
Case brief
What is this about?
The High Court allowed an application by claimants of a deceased to withdraw Rs. 16 lakhs from deposited insurance compensation pending appeal. The balance was directed to be invested or distributed conditionally with an undertaking to refund if the appeal fails.
What did the court decide?
Permitted withdrawal of Rs. 16 lakhs from deposited compensation subject to undertaking to refund if appeal fails. Remaining balance to be invested or disbursed according to specific instructions.