United India Insurance Co. Ltd. v. Mr. Amit Vasudeo Gawali and Anr.
Case brief
What is this about?
Bombay High Court interim order dated 10.02.2025 by Shyam C. Chandak, J. in I.A. No. 1680/2025 in First Appeal (ST.) No. 26239/2024 (United India Insurance Co. Ltd., appellant, v. Mr. Amit Vasudeo Gawali and anr.): claimant/original claimant permitted partial withdrawal of 50% of deposited compensation of Rs. 28,44,276/- (inclusive of interest) lying before MACT Mumbai, with proportionate interest, against usual undertaking to refund with interest if the insurer-appellant succeeds; balance 50% to be invested by the Tribunal with a nationalised bank giving highest interest; statutory deposit in the High Court to be transferred to the Tribunal; I.A. No. 13688/2024 adjourned to 04.03.2025 awaiting service report on notice to Respondent No. 2. Keywords: partial withdrawal of compensation, MACT deposit, interim relief pending appeal, refund undertaking, investment with nationalised bank, transfer of statutory deposit.