Halima Bibi v. United India Insurance Co. Ltd. and Ors.
Case brief
What is this about?
On an application for withdrawal of a portion of the insurance claim amount deposited in Court pending the decision of a connected appeal, the High Court allowed the application on condition that the applicant executes an indemnity bond. The Court observed that while the respondents (insurance company) disputed liability in the connected appeal, releasing the deposited amount was permissible subject to protection via an indemnity bond to secure recovery should the appeal be decreed in favor of the respondents. The Registry was directed to grant the applicant her portion of 1/5th from the total deposited sum upon verification and execution of the bond.
What did the court decide?
The applicant is allowed to withdraw her 1/5th share from the deposited amount of Rs. 48,54,430/- upon identification, verification, and execution of an indemnity bond.