Umesh Bhikanrao Bhosale and Ors. v. Suraj Sahebrao Patil (Dec) Thr.Lrs. Shraddha Suraj Patil and Ors.
Case brief
What is this about?
Interim application; withdrawal of decretal amount; 20% partial withdrawal; undertaking to refund with interest; fixed deposit with nationalized bank; MACT Nashik; motor accident claim; New India Insurance; First Appeal No. 1555 of 2025; Bombay High Court; Rajesh S. Patil, J.; impugned judgment and award dated 30 May 2024.
What did the court decide?
Applicant (original claimant) permitted to withdraw 20% of the decretal amount deposited by the Insurance Company, upon furnishing an undertaking before the MACT to refund the amount with interest if the First Appeal fails; Registry to transfer the withdrawn amount directly to the claimant's sole account; balance to be invested in fixed deposit with a nationalized bank. ¶37