The Branch Manager,Bharti Axa General Insurance Co. Ltd.Through Mr. Ashwin Kumar Gawai-Manager Lega v. Mr. Kashinath Dashrat Lohote And ANR.

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IN THE HIGH COURT OF JUDICATURE AT BOMBAY

CIVIL APPELLATE JURISDICTION CIVIL APPLICATION NO. 4347 OF 2016 IN FIRST APPEAL NO. 1492 OF 2016 The Branch Manager, Bharti Axa General Insurance Co.Ltd.

.... Applicant.

V/s.

Kashinath D. Lahote and anr .... Respondents Mr. Nikhil Mehta, I/by KMC Legal Venture, for the Applicants CORAM : DR. SHALINI PHANSALKAR-JOSHI, J.

DATE : 4TH OCTOBER, 2016.

P.C. :

1.

This application is for stay to the execution of the judgment and award dated 21.6.2016 passed by Motor Accident Claims Tribunal, Pune, in MACP No.893 of 2011.

2.

Learned counsel for the applicant makes a statement that the applicant is ready to deposit the entire decreetal amount in the Tribunal, within six weeks from the date of this order. Statement is accepted. 3.

In view thereof, stay is granted to the execution and implementation of the award in terms of prayer clause (a) subject to condition that the applicant deposits the entire amount within a period of six weeks, in the Tribunal, from today.

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4.

On applicant's depositing amount in the Tribunal, the Tribunal to invest the said amount in any nationalized bank, initially for a period of two years and thereafter to be renewed from time to time till disposal of the appeal. On applicant's failure to deposit the entire amount within the stipulated period, the stay granted shall be stand vacated automatically and the application shall stand dismissed without further reference to this Court.

5.

Amount of Rs.25,000/- deposited by the applicant in this Court be transferred to the Tribunal.

6.

Application is disposed of accordingly.

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