Reliance General Insurance Co.Ltd., Mumbai v. Manorama Manohar Jambhale Thr.Her Husband and Next Friend Mr. Manohar Mahadev Jambhale and Ors.
Case brief
What is this about?
Motor accident compensation; interim/partial withdrawal of awarded compensation during pendency of insurer's first appeal; 60% permanent partial disability; 100% loss of income; medical treatment expenditure; conditional release of 60% compensation with proportionate interest; undertaking to refund with interest if appeal succeeds; investment of balance compensation with nationalized bank at highest interest; transfer of statutory deposit from High Court to Tribunal; Bombay High Court, Civil Appellate Jurisdiction; appeal listed for final hearing on 22 April 2025.
What did the court decide?
Permission granted to the Applicant/Claimant to withdraw 60% of the compensation amount with proportionate interest, subject to an undertaking to refund the amount with interest if the Appellant succeeds in the Appeal; the Tribunal to invest the remaining amount with a nationalized bank giving the highest interest from time to time; statutory deposit in this Court to be transferred to the Tribunal.