Kiran Vinayak Borase and Ors. v. Karnataka State Road Transport Corporation, Karnataka Thr.Divisional Controller
Motor Accident Compensation – Interim withdrawal of deposited amount
Case brief
What is this about?
Bombay High Court interim order dated 07-02-2025 by Shyam C. Chandak, J.; Interim Application No.841 of 2025 in First Appeal No.304 of 2025; Divisional Controller, Karnataka State Road Transport Corporation v. Kiran Vinayak Borase & Ors.; claimants allowed to withdraw 50% of motor accident compensation deposited with the Motor Accident Claim Tribunal with proportionate interest, on undertaking to refund with interest if appeal succeeds; balance 50% to be invested in nationalised bank giving highest interest; statutory amount in High Court transferred to Tribunal; keywords: motor accident claim, compensation withdrawal, interim application, undertaking, investment, KSRTC.
What did the court decide?
Applicants/Claimants permitted to withdraw 50% of the compensation amount (deposited with the Motor Accident Claim Tribunal) along with proportionate interest, subject to usual undertaking to refund the amount with interest if the Appellant succeeds in the Appeal; Tribunal to invest the remaining 50% with a nationalised bank giving highest interest from time to time; statutory amount deposited in this Court to be transferred to the Tribunal.