Md. Ribbul Ahmed v. National Insurance Co. Ltd. and 5 Ors.
Case brief
What is this about?
During a National Lok Adalat, an insurance company agreed to settle a motor accident claim for Rs. 3,00,000. The court directed the insurer to deposit the amount into the registry within 45 days, with 9% annual interest pending deposit, to claim release of the appellant's statutory deposit.
What did the court decide?
Deposit of Rs. 3,00,000 into the Registry within 45 days to secure release of the appellant's statutory deposit, with 9% interest pending.