Oriental Insurance Co Ltd v. Mohan Singh Bist And ORS

$~R-660 * IN THE HIGH COURT OF DELHI AT NEW DELHI + MACA 1198/2012 ORIENTAL INSURANCE COMPANY LTD. ..... Appellant Through:

Mr. A.K. Soni, Advocate versus MOHAN SINGH BIST & ORS.

..... Respondents Through:

None

CORAM:

HON'BLE MR. JUSTICE R.K.GAUBA

O R D E R

% 06.12.2017 The counsel for the appellant submits that he may be allowed to withdraw the appeal.

The appeal is accordingly dismissed as withdrawn. In terms of order dated 29.11.2012, the insurance company had been directed to deposit 50% of the awarded amount with up-to-date proportionate interest and from out of such deposit, some amount was directed to be released to the claimant. The balance with accrued interest shall be released to the claimant. The insurance company will be obliged to deposit the balance of its liability under the award by requisite deposit with the tribunal within 30 days making it available to be released to the claimant.

The statutory deposit of the insurance company shall be refunded, after proof of the award having been satisfied is furnished. R.K.GAUBA, J DECEMBER 06, 2017/yg