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Oriental Insurance Co Ltd vs Natwarbhai

High Court Of Gujarat|06 November, 2012

JUDGMENT / ORDER

1. In compliance of the order dated 06/11/2012, the applicant appellant herein has deposited, in all, Rs.12,81,964/- with the concerned tribunal. Hence, the ad-interim relief granted by the aforesaid order, is confirmed.
2. Drawing attention of the Court on Para 3 of the First Appeal No. 3549 of 2012, the learned advocate for the applicant appellant has submitted that, by preferring this appeal, the appellant has challenged the award for the sum of Rs.2,18,400/-. Considering the said fact, the concerned tribunal is hereby directed that the aforesaid challenged amount along with proportionate costs and interest, which comes to Rs.3,89,524/-, 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. So far as the rest unchallenged amount deposited by the applicant is concerned, the tribunal is at liberty to disburse the same to 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

Oriental Insurance Co Ltd vs Natwarbhai

Court

High Court Of Gujarat

JudgmentDate
06 November, 2012