United India Insurance Company Ltd. v. Smti Binita Kalita and 5 Ors.
Case brief
What is this about?
In an insurance appeal, the court recorded an in-camera settlement where parties agreed to a full and final payment of Rs. 10 lacs, directing the appellant insurer to deposit the amount within 60 days and allow claimants to withdraw earlier funds.
What did the court decide?
Appellant to deposit Rs. 10 lacs within 60 days; claimants allowed withdrawal of Rs. 7,65,500 and Rs. 2 lacs via fixed deposit for minor.