M.K.Jayasree @ Jaya v. the Branch Manager,U/S.United India Insurance Company Ltd.
Case brief
What is this about?
The High Court, exercising Article 226 jurisdiction, directed the Motor Accidents Claims Tribunal to release Rs. 5,00,000 out of the deposited compensation. The Court referenced prior precedent regarding the non-mandatory nature of long-term investment for literate persons and ordered the Tribunal to reconsider the remaining application.
What did the court decide?
Direction to release Rs. 5,00,000 and disregard mandatory investment rule; directive to reconsider balance application within two months.