Reliance General Insurance Co Ltd v. Dr Vidhur Kumar Jain & ORS
$~27 * IN THE HIGH COURT OF DELHI AT NEW DELHI NATIONAL LOK ADALAT + MAC.APP. 38/2016 RELIANCE GENERAL INSURANCE CO LTD .....Appellant Through:
Mr. A. K. Soni and Mr. Pavan Kumar Vashishth, Advocates.
versus DR VIDHUR KUMAR JAIN & ORS .....Respondents Through:
None.
CORAM: NATIONAL LOK ADALAT HON'BLE MR. JUSTICE RAJNEESH KUMAR GUPTA (PRESIDING OFFICER) MR. K. VENKATRAMAN, ADVOCATE (CO-MEMBER)
O R D E R
% 22.03.2026 1.
Appellant Insurance Company has filed an appeal for reduction of the award dated 30.11.2015 passed by the Learned MACT, awarding a compensation of Rs. 19,62,068/- along with interest @ 9% p.a. from the date of filing of claim petition.
2.
On appeal, the Insurance Company deposited entire awarded amount with up to date interest in terms of the order dated 21.04.2014 passed by this Hon'ble Court deposited before the Tribunal and direction was issued to release 50% of awarded amount in terms of the award of the Tribunal.
3.
We have interacted with the learned counsel for the appellant. Apropos such interaction and deliberation, learned counsel for the The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
appellant wishes to withdraw the present appeal. 4.
We permit the appellant to withdraw the appeal subject to the condition that the legal rights of the claimant shall stand protected. Learned Counsel for the appellant has submitted that the respondent/claimant(s) has not filed any appeal for enhancement of the award.
5.
In view of the above, direction is issued to release the balance amount lying deposited with the Tribunal along with the accrued interest in terms of the award of the Tribunal to the respondents/claimants.
6.
Learned Counsel for Insurance Company on instruction have submitted that the name of the appellant i.e. Reliance General Insurance Company has been changed to Indusind General Insurance Company Limited and the Learned counsel for the insurance company has further submitted that NOC has been issued by IRDAI and new certificate of incorporation issued by ROC in favour of IGICL. It is submitted that from now onwards, the name of the appellant shall be read as Indusind General Insurance Company Limited (formerly -Reliance General Insurance Company).
7.
On filing of the copy of certificate of incorporation issued by ROC in favour of IGICL, in the Registry, the statutory amount along with the interest, if any, be refunded to Indusind General Insurance Company Limited on compliance of all the requisite formalities. 8.
Accordingly, the present appeal along with the pending applications, if any, is disposed of with directions in term of the settlement.
The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.
9.
A copy of this order be also sent to the respondent (s)-claimant (s).
(RAJNEESH KUMAR GUPTA) PRESIDING OFFICER K. VENKATRAMAN COMEMBER MARCH 22, 2026/MR The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above.