Reliance General Insurance Co. Ltd.,Mumbai v. Rekha Lalchand Patel and Ors.
Case brief
What is this about?
Bombay High Court; First Appeal No. 369 of 2024; Interim Application No. 6638 of 2024; Reliance General Insurance Co. Ltd.; Rekha Lalchand Patel; motor accident compensation; withdrawal of deposited award amount; 50% withdrawal with proportionate interest; undertaking to refund; investment with nationalized bank; dependents of deceased; no statutory defence or fake policy defence; Shyam C. Chandak, J.; order dated 07 May 2025; appeal listed 08 September 2025.
What did the court decide?
Interim Application No. 6638 of 2024 allowed in terms of prayer clause (b) and disposed of. Respondent Nos.1 to 5/Claimants permitted to withdraw 50% of the compensation amount of their share with proportionate interest, upon furnishing the usual undertaking to refund the amount with interest if the Appellant succeeds in the Appeal; the Tribunal to invest the remaining compensation with a nationalized bank giving the highest interest from time to time. Appeal listed on 08 September 2025.