Partly allowed
Reliance General Insurance Co. Ltd. Mumbai v. Ashutosh Rajendraprasad Pandey and Anr.
Bombay HCIA/13132/2024
Case brief
AI extract
What is this about?
In an appeal against a Claims Tribunal award, the Court granted interim stay on execution subject to depositing the awarded amount with interest within four weeks. The Court permitted withdrawal of 50% of the deposited amount by the respondents upon furnishing an undertaking, issued notice for the appeal, and directed filing of compilations.
What did the court decide?
Stay granted on execution of Award subject to deposit of awarded amount along with interest within 4 weeks; 50% permitted for withdrawal on undertaking.