Bajaj Allianz General Insurance Co.Ltd. v. Anu Atri & ORS.

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IN THE HIGH COURT OF DELHI AT NEW DELHI

+ MAC.APP. 224/2008 BAJAJ ALLIANZ GENERAL INSURANCE CO.LTD...... Appellant Through:

Mr. Shoumik Mazumdar, Advocate versus ANU ATRI & ORS.

..... Respondents Through:

Mr. B.K. Bharti and Mr. J.N. Patel, Advocates

CORAM:

HON'BLE MR. JUSTICE J.R. MIDHA

O R D E R

% 02.11.2016 1.

Respondents No.1 to 5 are present in Court along with their counsel. 2.

The appellant has deposited Rs.6,28,582/- which is lying in fixed deposit with UCO Bank, Delhi High Court Branch. The Registrar General is directed to instruct UCO Bank, Delhi High Court Branch to discharge the FDR and disburse the amount to respondents No.1 to 5 in the following manner:

(i) UCO Bank shall release Rs.50,000/- to respondent No.1, Rs.50,000/- to respondent No.2, Rs.50,000/- to respondent No.3, Rs.1 lakh to respondent No.4 and Rs.1 lakh to respondent No.5 by transferring the said amounts to their savings banks accounts. 3.

The balance amount be kept in FDRs in the following manner:

Sr. No.

Duration of Resp. 1 Resp. 2 (Daughter) Resp. 3 (Daughter) FDR (Wife) Amount in percentage Amount in percentage 1.

1 year 10% 10% 10% Amount in percentage 2.

2 years 10% 10% 10% 3.

3 years 10% 5% 5% 4.

4 years 10% - - 5.

5 years 10% - - TOTAL 50% 25% 25% GRAND TOTAL 100% 4.

The monthly interest on the FDRs of the respondents shall be credited to their savings bank accounts.

5.

At the time of maturity, the fixed deposit amount shall be credited in the savings bank accounts of the beneficiaries. 6.

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 respondents/beneficiaries.

7.

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

8.

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

9.

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

10.

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

11.

Respondents are at liberty to approach this Court for release of further amount in case of any financial exigency.

12.

This appeal was disposed of on 21st October, 2016 and need not be listed again.

13.

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

J.R. MIDHA, J.

NOVEMBER 02, 2016 rsk