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Reliance General Insurance ... vs Ravi

High Court Of Gujarat|10 December, 2012

JUDGMENT / ORDER

1. In compliance of the order dated 10/12/2012, the applicant appellant herein has deposited the following amount in each Civil Application with the concerned tribunal. Hence, the ad-interim relief granted by the aforesaid order, is confirmed in each Civil Application:
Sr.
Civil Application Amount Deposited (Rs.) 1 13369 of 2012 72,006/-
13370 of 2012 72,006/-
13371 of 2012 36,002/-
13372 of 2012 36,002/-
13373 of 2012 36,002/-
13374 of 2012 36,002/-
13375 of 2012 36,002/-
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 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 30% amount is directed to be disbursed amongst the respondents - 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 3 of 3
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Title

Reliance General Insurance ... vs Ravi

Court

High Court Of Gujarat

JudgmentDate
10 December, 2012