Though served no one appears for the respondents.
Learned advocate for the applicant submits that the applicant-Insurance Company has deposited the entire decretal amount with the Tribunal.
Considering the facts and circumstances of the case, the Tribunal is directed to invest 70% of the deposited decretal amount in any Nationalized Bank in the name of the respondents-claimants initially for a period of three years with periodical renewal till the appeal is finally decided by this Court. Rest of the 30% of the amount is permitted to be withdrawn by the respondents-claimants by account payee cheque after proper verification subject to final result in the appeal. The FDR shall remain with the Nazir of the Court.
With the aforesaid direction, interim relief in terms of para 4[A] is granted and confirmed. This Civil Application stands disposed of.
The Registry is directed to place First Appeal No. 900 of 2012 on Board on 3rd July, 2012.
[Anant S. Dave, J.] *pvv Top