Bhavesh Santosh Bhoir and Ors. v. Iffco Tokio General Insurance Co. Ltd. and Ors.
Case brief
What is this about?
This interim application permitted applicants to withdraw Rs. 20 Lakhs deposited by the appellant insurance company with the MACT, conditioned on an undertaking to return the funds if the appeal succeeded, and listed the underlying first appeal for hearing.
What did the court decide?
Withdrawal of Rs. 20 Lakhs permitted upon execution of a joint written undertaking to bring the amount back as directed by the Court.