Disposed
United India Insurance Co. Ltd. v. Shri. Dinesh Narbheram Soni and Ors.
Bombay HCCAF/2001/2017
Case brief
AI extract
What is this about?
The court stayed execution of an award pending appeal after deposit of compensation. It permitted withdrawal of 50% on undertaking to repay if appeal succeeds, with the balance invested in fixed deposits.
What did the court decide?
Allowed 50% withdrawal from deposited compensation on undertaking to repay with interest if appeal succeeds; remaining balance to be invested in fixed deposit.