Reliance General Insurance Co. Ltd., Thr. Authorized Signatory, Nagpur v. Ramkrushna S/O Gangaram Valake and Others
Case brief
What is this about?
Application by claimants in a motor accident appeal to withdraw deposited compensation amount. The appellant opposed citing insurance disputes, but the court permitted withdrawal of 50% of the deposited amount along with interest, subject to an undertaking to repay if the appeal succeeds.
What did the court decide?
Permission granted to applicants to withdraw 50% of the deposited amount along with interest accrued thereon, subject to an undertaking to repay in case the appeal is allowed.