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New India Assurance Company ... vs Nikhilkumar

High Court Of Gujarat|28 December, 2012

JUDGMENT / ORDER

1. In compliance of the order dated 28/12/2012, the applicant appellant herein has deposited, in all, of Rs.34,685/- with the concerned tribunal. Hence, the ad-interim relief granted by the aforesaid order, is confirmed.
2. The concerned tribunal is hereby directed that, out of the aforesaid amount, 70% amount be invested by way of a Cumulative Fixed Deposit in any Nationalized Bank, initially for a period of three years in the name of the original claimants. 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 rest 30% amount is directed to be disbursed amongst the original claimants by way of Account Payee Cheque, following due procedure for the same.
3. The Civil Application is accordingly allowed. Rule is made absolute in aforesaid terms.
[ G. B. Shah, J. ] hiren Page 2 of 2
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Title

New India Assurance Company ... vs Nikhilkumar

Court

High Court Of Gujarat

JudgmentDate
28 December, 2012