The New India Assurance Company Ltd. v. Mr. Santosh Yashwant Bobade And ORS.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
CIVIL APPELLATE JURISDICTION Civil Application No.1308/2016 in First Appeal (ST) No.18647/2015 Office Notes, Office Memoranda of Coram, appearances, Court's orders or directions and Registrar's orders Court's or Judge's orders.
Mr. Misar for the Applicant CORAM: K.K.TATED, J.
DATED : OCTOBER 14, 2019 P.C.
Heard. By this Civil Application, the Applicant is seeking stay to the operation and implementation of the judgment and award dated 31.10.2014 passed by the MACT Satara in MACP No.394/2011 holding that the Respondent-Claimants are entitled to sum of Rs.4,50,000/- by way of compensation with interest @ 7% p.a.
The learned counsel for the Applicant submits that pending the hearing and final disposal of the First Appeal this Hon'ble Court be pleased to stay the operation and implementation of the impugned judgment and award.
He submits that if the entire amount is 1/3
recovered by the Respondent-Claimant by filing execution application, then nothing will survive in the present proceedings. The learned counsel for the Applicant submits that he received instructions from their client that they are ready and willing to deposit the entire awarded amount along with accrued interest, if any, in the Tribunal within four weeks from today. The statement is accepted.
Considering the submissions made by the learned counsel for the Applicant and the averments made in the Civil Application, I am satisfied that the Applicant has made out a case for allowing the Civil Application.
Hence, following order is passed:
a.
The Civil Application is allowed in terms of prayer clause (a) subject to the Applicant depositing the entire awarded amount along with interest and costs in the Tribunal on or before 22.11.2019, failing which the Civil Application shall stand dismissed without further reference to the court. Prayer clause (a) reads thus:
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"(a) pending the hearing and final disposal of the abovesaid First Appeal , the execution, operation and implementation of the impugned judgment and award dated 31.10.2014 passed by the Learned Member, MACT, Satara in MACP No.394/2011 may kindly be stayed."
b.
The Tribunal is directed to invest the amount in a fixed deposit account of any Nationalized Bank, initially for a period of one year and same shall be renewed from time to time till hearing and final disposal of the appeal.
c.
Liberty granted to the claimants to prefer an appropriate Application for withdrawal of amount, if they so desire, which will be decided on its own merits.
d.
The Civil Application stands disposed of accordingly. No order as to costs.
(K.K.TATED, J.) 3/3