United India Insurance Co. Ltd. v. Mr. Amit Vasudeo Gawali and Anr.
Case brief
What is this about?
Conditional partial release of deposited motor accident compensation; 50% withdrawal with proportionate interest pending appeal; undertaking to refund with interest if insurer succeeds; investment of balance 50% in Nationalised bank with highest interest; transfer of statutory deposit from High Court to Tribunal; accident of 2013; substantial disability; United India Insurance Co. Ltd. v. Amit Vasudeo Gawali; First Appeal (St.) No. 26239 of 2024; MACT Mumbai; Bombay High Court; Shyam C. Chandak, J.; order dated 10 February 2025; IA 1680 of 2025 disposed; IA 13688 of 2024 adjourned to 04 March 2025.
What did the court decide?
Applicant/Claimant permitted to withdraw 50% of the compensation amount with proportionate interest, subject to an undertaking to refund the amount with interest if the Appellant succeeds in the Appeal; Tribunal to invest the remaining 50% in a Nationalised bank giving highest interest from time to time; statutory amount deposited in the High Court to be transferred to the Tribunal. Interim Application No. 1680 of 2025 disposed of in these terms.