Disposed
SBI General Insurance Co. Ltd., Thr. Divisional Manager, Mumbai v. Smt. Seema Shivdas @ Surdas Wankhade and Others
Bombay HCCAF/1002/2024
Case brief
AI extract
What is this about?
The court considered an application to withdraw insurance proceeds after a cheque issued for premium was dishonoured. The court overruled the appellant's objection based on prior precedent allowing recovery from the owner. Permission was granted to respondents to withdraw 50% of compensation with an undertaking to redeposit if the appeal succeeds. The application was disposed of.
What did the court decide?
Permission granted to respondent Nos.1 to 4 to withdraw 50% of compensation amount with accrued interest, upon undertaking to redeposit if appeal succeeds.