Oriental Insurance Company Ltd. v. Radha D/o Sh. Swaroop Kumar
Case brief
What is this about?
OIC Ltd. v. Radha & Ors., FAO No. 331/2024, decided 03.12.2025 by Sushil Kukreja, Judge. CMP No. 28307/2025 under Section 151 CPC by claimant/respondent No. 1 for release of award amount deposited in the Registry; 50% of awarded amount released with up-to-date interest to her verified bank account, conditional upon refund with interest @ 6% per annum if the appeal is allowed; respondents No. 2 & 3 ex parte; appeal admitted, listed for final hearing. Keywords: interim release of deposited award amount, Section 151 CPC, 40% permanent disability, refund condition, insurance appeal.
What did the court decide?
Release of 50% of the awarded amount, lying deposited in the Registry of this Court, in favour of applicant/respondent No. 1, Radha, alongwith up-to-date interest, after proper verification and identification, by remitting the same to her bank account; release subject to final outcome of the appeal, with refund of the released amount plus interest @ 6% per annum if the appeal is allowed.