This order allowed an application for release of compensation and refund of amounts determined in a concluded Motor Accident Claim Proceeding, directing remittance to respective bank accounts.
Release of compensation and refund of amount to respective bank accounts with interest.
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Oriental Insurance Company Ltd. vs. Manish Kumar & Ors.
FAO(MVA) No.28 of 2014
01.05.2025 Present: Mr. Jagdish Thakur, Advocate, for the nonapplicant/appellant.
Mr. Virender Singh Thakur, Advocate, for applicant/respondent No.1.
None for remaining respondents.
CMP No.8355 of 2025
This application has been filed by
applicant/ respondent No.1 for release of amount of compensation as per his entitlement in terms of judgment passed in FAO No.28 of 2014.
Main appeal stands decided on 17.07.2024, whereby, award passed by the MACT has been modified.
Appeals preferred by the Insurance Company as well as applicants, bearing FAO No.28 of 2014 and FAO No.199 of 2015, have been disposed of vide common judgment dated 17.07.2024 and award passed by the MACT has been modified.
Learned counsel for the appellant-Insurance Company, has communicated no objection for releasing the compensation amount in terms of the final judgment passed in the aforesaid appeals, but has prayed that amount refundable to the appellant-
Insurance Company in terms of the final judgment, be also ordered to be remitted to the bank account of the Insurance Company.
In view of above, amount for which applicant Manish Kumar is entitled in terms of final judgment, is directed to be released in his favour alongwith up-to-date proportionate interest by remitting the same in his bank account, mentioned in Para-3 of the application. Photocopies of front pages of Pass Book has also been placed on record.
The amount, for which appellant-Insurance Company is entitled in terms of final judgment dated 17.07.2024, passed by this Court in above referred appeals, is also directed to be released in favour of the Insurance Company by remitting the same in its bank account, subject to supplying details thereof to the Registry by learned counsel for the appellantInsurance Company within a week.
Application is allowed and disposed of.
May 01, 2025 (Yashwant)
Oriental Insurance Company Ltd.
Manish Kumar
Yashwant
As recorded by the court registry
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