Allowed
Shabana Iqbal Sayed and Ors. v. the Reliance General Insurance Company Ltd., Mumbai and Anr.
Bombay HCIA/1713/2024
Case brief
AI extract
What is this about?
In this interim application, the applicants, dependents of a deceased sole earning member, sought permission to withdraw insurance proceeds for daily expenses. The respondent objected to the income assessment considered by the Tribunal. The High Court allowed the application on condition that undertakings were furnished to the insurer.
What did the court decide?
Permitted the applicants to withdraw 50% amount along with accrued interest upon furnishing an undertaking.