Shital Vasant Kalyankar and Ors. v. M/S. Shriram General Insurance Co. Ltd., Thr Its M.D. and Anr.
Case brief
What is this about?
In a civil application, the court permitted applicants to withdraw 50% of the awarded amount upon undertaking to the Registrar while investing the remaining 50% in a Fixed Deposit Receipt maintained by a nationalized bank until the disposal of the related appeal.
What did the court decide?
Permission to withdraw 50% of amount with interest on undertaking; balance 50% to be invested in FDR until appeal disposal.