ADMIT.
[K.S.
JHAVERI, J.] ORDER IN CIVIL APPLICATION Heard Mr. Parikh, learned counsel for the applicant. The learned counsel for the applicant states that the claimants are not entitled to more than Rs.1,15,000/- considering the facts of the case.
Hence, Rule returnable on 12.03.2012. Ad-interim relief in terms of para 6[i] on condition that that the applicant Insurance Company deposits entire decretal amount with the concerned Tribunal. Out of the said amount deposited, an amount of Rs.1,33,000/- shall be invested in Fixed Deposit with any nationalized Bank in the name of the 'Nazir' of the Tribunal, initially, for a period of one year and on maturity, shall be renewed from time to time until the final disposal of the First Appeal, without any further orders in that regard from this Court. The Fixed Deposit Receipt shall be retained by the 'Nazir' of the Tribunal. The periodical interest accruing on such deposit shall be paid to the original claimants on regular basis.
3. The balance amount of Rs.1,15,000/- shall be permitted to be withdrawn by the original claimants, by "account payee" cheque, after proper verification.
[K.S.
JHAVERI, J.] /phalguni/ Top