Reliance General Insurance Co. Ltd. v. Smt. Shabana Irfan Ahmed Shaikh And ORS.

OSK 907-caf-4311-2016.odt

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

CIVIL APPELLATE JURISDICTION CIVIL APPLICATION NO. 4311 OF 2016 IN FIRST APPEAL (STAMP) NO. 21444 OF 2016 Reliance General Insurance Co. Ltd.

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Applicant/ Appellant

Versus

Smt.Shabana Irfan Ahmed Shaikh & Ors.

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Respondents Ms.Poonam Mital for Applicant/Appellant.

CORAM : DR.SHALINI PHANSALKAR-JOSHI, J.

DATE : 25TH OCTOBER, 2016.

P.C. :

1] This is an application seeking stay to the execution of the judgment and award dated 22nd March, 2016 passed in M.A.C.P. No.1599 of 2011 by Member, Motor Accident Claims Tribunal, Mumbai. 2] It is submitted by the learned counsel for the applicant that the applicant is ready to deposit the entire amount of compensation as awarded by the tribunal within a period of eight weeks from today. However, as the execution is already initiated, it needs to be stayed. The statement made by the learned counsel for the applicant is accepted as undertaking. In view thereof, the stay is granted to the execution of the impugned judgment and award subject to condition of applicant depositing entire amount of 1/2

OSK 907-caf-4311-2016.odt compensation as awarded by the tribunal within a period of eight weeks from today with the tribunal.

3] On deposit of the said amount, the tribunal to invest the same in any "Nationalized Bank" initially for a period of one year, to be renewed thereafter from time to time till decision of this appeal. 4] On failure of the applicant to deposit the entire amount within the stipulated period, the said stay granted to the execution of the impugned award will stands vacated automatically without further reference to this Court.

5] An amount of Rs.25,000/- deposited in this Court be transferred to the Motor Accident Claim Tribunal, Mumbai. 6] This application is disposed of accordingly.

(DR.SHALINI PHANSALKAR-JOSHI, J.) 2/2