Shri. Dilip Manohar Jawalkar and Anr. v. the National Insurance Co.Ltd. and Ors.
Case brief
What is this about?
Held a first applicant's application to withdraw 50% of security money deposited by the appellant. Court granted permission subject to filing an undertaking to return the amount if the appeal succeeds and tasked the Motor Accident Claims Tribunal to invest the funds in bank deposits.
What did the court decide?
Approval to withdraw 50% of deposited amount with interest upon filing an undertaking to return the balance if appellant appeals successfully.