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National Insurance Co Ltd vs Ramanji

High Court Of Gujarat|07 December, 2012

JUDGMENT / ORDER

1. In compliance of the order dated 07/12/2012, the applicant appellant has deposited, in all, of Rs.1,17,718/- and Rs.86,897/- in Civil Application Nos. 13321 and 13322 of 2012, respectively, 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, 80% 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 appeals are 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 20% 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 Applications are accordingly allowed. Rule is made absolute in aforesaid terms.
[ G. B. Shah, J. ] hiren Page 2 of 2
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Title

National Insurance Co Ltd vs Ramanji

Court

High Court Of Gujarat

JudgmentDate
07 December, 2012