Kanchan Ramesh @ Chandrama Pal and Ors. v. Bajaj Allianz General Insurance Company Ltd., Mumbai
Case brief
What is this about?
Allowed withdrawal of 30% of the motor accident decretum deposited by the respondent insurer, conditional upon undertaking to return the amount with interest if the pending appeal succeeds. Balance to be apportioned per Tribunal order.
What did the court decide?
30% of the deposited decretal amount ordered withdrawn by the applicants upon furnishing an undertaking to return it with interest if the appeal fails.