Reliance General Insurance Co.Ltd., Mumbai v. Laxmi Manikram Paswan and Ors.
Case brief
What is this about?
Interim orders in motor-accident appeal, Bombay High Court: partial release of compensation to claimants pending appeal - 50% of share with proportionate interest against refund undertaking; balance invested in nationalized bank at highest interest; condonation-of-delay application closed as unnecessary since office notings showed appeal filed in time; stay of MACT Mumbai award dated 19.06.2024 in MACP No. 940 of 2020 allowed in terms of prayer clause (a) after deposit of entire compensation with interest per order dated 12.11.2024. Parties: Reliance General Insurance Co. Ltd. (appellant-insurer) v. Laxmi Manikram Paswan & Ors. (original claimants). Keywords: withdrawal of compensation amount, refund undertaking, Motor Accident Claims Tribunal Mumbai, First Appeal (ST) No. 28546 of 2024, IA Nos. 14477, 14478 of 2024, IA No. 1451 of 2025.
What did the court decide?
IA No. 1451 of 2025: original claimants permitted to withdraw 50% of the compensation amount of their share with proportionate interest, on furnishing the usual undertaking to refund with interest if the Appellant succeeds; Tribunal to invest the remaining amount with a nationalized bank giving highest interest. IA No. 14477 of 2024: no order required (office notings show appeal filed in time); disposed of. IA No. 14478 of 2024: allowed in terms of prayer clause (a) - original claimants permitted to withdraw 50% of the deposited amount alongwith accrued interest; disposed of.