Jayakumar (Died) v. the Branch Manager
Case brief
What is this about?
The High Court allowed the withdrawal of Rs. 10,00,000 from the disputed liability of Rs. 33,07,500 deposited by the insurance company. The admitted liability of Rs. 43,55,400 was immediately made available. The minors' shares and the fifth claimant's share were retained in interest-bearing deposits pending the hearing of the Civil Miscellaneous Appeal.
What did the court decide?
Permission granted to withdraw Rs. 10,00,000 from the disputed liability; admitted sum of Rs. 43,55,400 made available immediately; other shares retained in deposits.