Tanaji Shripati Kapse and Anr. v. the New India Assurance Co. Ltd., Pune and Anr.
Case brief
What is this about?
The applicant, sole breadwinner dependent on his deceased mother, sought interim relief from an insurance policy proceeds due to financial hardship. The court allowed the application, permitting the withdrawal of 25% of the deposited amount along with accrued interest upon furnishing an undertaking, reserving the respondents' objection regarding policy breach for the final hearing.
What did the court decide?
Permitted withdrawal of 25% of deposited amount along with accrued interest upon furnishing an undertaking.