Smt. Kanta Mukesh Hadiya and Ors. v. Icici Lombard General Insurance Co. Ltd. and Anr.
Case brief
What is this about?
High Court of Bombay granted interim relief allowing the dependents of a deceased person to withdraw 40% of the deposited insurance compensation, plus interest, to meet daily expenses, deferring the insurance company's objection regarding income tax returns to the final appeal hearing.
What did the court decide?
Permitted withdrawal of 40% of the deposited amount along with accrued interest on furnishing usual undertaking.