Icici Lombard Insurance Co. Ltd., Thr. Its Branch Manager, Chandrapur v. Mithun Gowardhan Khadse and Others
Case brief
What is this about?
Compensation deposit withdrawal; claimants (applicants/respondent Nos. 1 to 3, Mithun Gowardhan Khadse and ors) allowed to withdraw 50% of amount deposited by insurer-appellant ICICI Lombard with accrued interest, on usual undertaking; objection by insurer rejected; pay and recover order noted as safeguard; Registrar (J) to remit funds within five weeks; First Appeal No. 925 of 2024 admitted, notices returnable after five weeks, waivers recorded; Nagpur Bench, Bombay High Court; Judge Abhay J. Mantri; decided 28-07-2025.
What did the court decide?
Applicant permitted to withdraw 50% of the deposited compensation amount along with accrued interest, subject to furnishing the usual undertaking; Registrar (J) directed to transfer that 50% with interest to the applicant's bank account within five weeks on furnishing undertaking and bank account details. Separately, First Appeal No. 925 of 2024 admitted with notice returnable after five weeks.