New India Assurance Company Ltd. v. Debashish Ghosh and 2 Ors.
Case brief
What is this about?
The appeal was dismissed following a settlement between the parties for Rs. 11,00,000. The court directed the release of the settlement amount within 15 days and ordered the refund of the appellant's statutory deposit upon verification.
What did the court decide?
Appellant to transfer Rs. 11,00,000 to Respondent 1 within 15 days; Registry to refund statutory deposit of Rs. 25,000 upon application.