Reliance General Insurance Co Ltd v. Rekha Balyan & ORS

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IN THE HIGH COURT OF DELHI AT NEW DELHI

+ MAC.APP. 84/2015 RELIANCE GENERAL INSURANCE CO LTD ..... Appellant Through:

Mr. Arihant Jain proxy for Ms.

Shanta Devi Raman, Advocate versus REKHA BALYAN & ORS ..... Respondents Through:

Mr. V.K. Vashistha, Advocate for respondents No.1 and 2

CORAM:

HON'BLE MR. JUSTICE J.R. MIDHA

O R D E R

% 23.12.2016 1.

The officer of the UCO Bank, Delhi High Court Branch has confirmed that a sum of Rs.12,99,920/- is lying with UCO Bank, Delhi High Court Branch.

2.

UCO Bank, Delhi High Court Branch is directed to release 10% of the amount to respondents No.1 and 2 in equal shares. 50% of the balance amount be kept in five FDRs of equal amount in the name of respondent No.1 and balance 50% in 5 FDRs of equal amount in the name of respondent No.2 for the periods of 1 year, 2 years, 3 years, 4 years and 5 years. 3.

The monthly interest on the FDRs of respondents No.1 & 2 shall be credited in their savings bank accounts.

4.

At the time of maturity, the fixed deposit amount shall be credited in the savings bank accounts of the beneficiaries. 5.

All the original FDRs shall be retained by UCO Bank, Delhi High Court Branch. However, the photocopies of the same shall be provided to

the claimants/respondents.

6.

No cheque book or debit card be issued to the claimants/respondents without permission of this Court.

7.

No loan or advance or pre-mature discharge shall be permitted without the permission of this Court.

8.

Respondents No.1 & 2 shall intimate the particulars of their savings bank accounts to UCO Bank, Delhi High Court Branch. 9.

The claimants/respondents shall approach the UCO Bank for completing the formalities for the disbursement of the award amount in terms of this order.

10.

UCO Bank, Delhi High Court Branch shall ensure that the savings bank accounts of respondents are individual accounts and not joint accounts. 11.

This appeal has already been disposed of and need not be listed again. 12.

Copy of this order be given dasti to counsel for the parties under the signature of the Court Master.

J.R. MIDHA, J.

DECEMBER 23, 2016 rsk