Reliance General Insurance Company Ltd.,Nashik v. Shrinivas Kanhaiya Mukka and Ors.
Case brief
What is this about?
Motor accident compensation appeal; interim application by original claimants for withdrawal of deposited award amount; partial release of 25% of claimants' share with proportionate interest; usual undertaking to refund with interest if insurer succeeds in appeal; investment of balance compensation by Tribunal in nationalized bank at highest interest; continuation of ad-interim relief dated 03.01.2024; expedited service of notice on Respondent No.4; deceased aged 23 years, B.Tech.; accident of year 2019; Reliance General Insurance Company Ltd., Nashik v. Shrinivas Kanhaiya Mukka and Ors.; High Court of Judicature at Bombay; First Appeal (St.) No. 35054 of 2023; Shyam C. Chandak, J.; next date 24.04.2025.
What did the court decide?
On IA 3670/2025, Applicant Nos.1 to 3 permitted to withdraw 25% of the compensation amount of their share with proportionate interest (instead of the entire amount sought), on the usual undertaking to refund with interest if the Appellant succeeds; balance to be invested by the Tribunal in a nationalized bank at highest interest; Interim Application stands disposed of. On IA 72/2024, ad-interim relief of 03.01.2024 continued till the next date. On IA 1622/2024, Registry directed to expedite service of notice on Respondent No.4. Matters stand over to 24th April, 2025.