Vijaya Pratap Shelake and Ors. v. the New India Insurance Co. Ltd. Thr.General Manager
Case brief
What is this about?
Interim withdrawal of part of decretal amount pending appeal; motor accident compensation; MACT Nashik; Motor Accident Claim Petition No. 756 of 2015; award dated 30th November 2023; Rs.3,62,22,945/- with 7.5% interest; New India Insurance Company; fatal car accident; heirs of deceased passenger; 20% of deposited amount with accrued interest; undertaking to refund with interest if appeal succeeds; balance of equities; fruits of decree; First Appeal (ST) No. 32351 of 2024; no costs.
What did the court decide?
Applicants allowed to withdraw 20% of the amount deposited (with accrued interest) before the MACT, Nashik, upon furnishing an undertaking to the MACT to bring back the withdrawn amount with interest (rate to be decided at the final hearing) if the Appeal succeeds; Interim Application disposed of with no order as to costs. ¶28