Judgments
Judgments
  1. Home
  2. /
  3. High Court Of Gujarat
  4. /
  5. 2012
  6. /
  7. January

New India Assurance Company ... vs Ganeshbhai

High Court Of Gujarat|14 December, 2012

JUDGMENT / ORDER

1. Heard, Mr. Sandip C. Shah, learned advocate for the applicant. Rule issued against the respondents appears to have been served, but none has appeared. Perused the order dated 14/12/2012, passed by this Court and considering the same, the concerned tribunal is hereby directed to invest the challenged amount including proportionate costs and interest which comes to Rs.2,80,150/- by way of a Cumulative Fixed Deposit in any Nationalized Bank, initially for a period of three years in the name of the original claimant. In case, if the appeal is not decided within the said period, the Fixed Deposit will be renewed from time to time. This stipulation will be made with the bank that the renewal of the FDR shall be automatic. The original FDR(s) shall be retained with the Nazir of the tribunal. The ad-interim relief granted by the aforesaid order, is hereby confirmed for the above-referred challenged amount only. For the rest of the unchallenged amount, the tribunal is at liberty to disburse the same to the original claimant by way of Account Payee Cheque, following due procedure for the same.
2. The Civil Application is accordingly allowed. Rule is made absolute in aforesaid terms.
[ G. B. Shah, J. ] hiren Page 2 of 2
Disclaimer: Above Judgment displayed here are taken straight from the court; Vakilsearch has no ownership interest in, reservation over, or other connection to them.
Title

New India Assurance Company ... vs Ganeshbhai

Court

High Court Of Gujarat

JudgmentDate
14 December, 2012