Shalanbai Suresh Salgar And Others v. Reliance General Insurance Co. Thr Its Manager And ANR

957 ca 10608.16.odt

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

BENCH AT AURANGABAD 957 CIVIL APPLICATION NO. 10608/2016 IN FA/3082/2016 SHALANBAI SURESH SALGAR AND OTHERS

VERSUS

RELIANCE GENERAL INSURANCE CO. THR ITS MANAGER ...

Advocate for Applicant : P.S.Chavan Advocate for Respondents : P.S. Chavan ...

CORAM : P.R. BORA, J.

DATE : 30-09-2016.

Per Court :

1.

By filing the present application the original claimant nos.1, 5 and 6 have sought the withdrawal of the total amount of 35% as has been awarded to their share by the tribunal. Learned counsel for the appellant-insurance company has opposed for allowing the application stating that the quantum is seriously disputed by the appellant-insurance company for valid reasons. Considering submissions so made, I deem it appropriate to pass the following order:

ORDER

i) The application is partly allowed.

ii) At present, applicant no.1. is permitted to withdraw 15% of the total amount deposited by the insurance company and the applicant nos. 5

957 ca 10608.16.odt and 6 are jointly permitted to withdraw 10% of the total from the deposited amount.

iii) Remaining amount shall be invested in Fixed Deposit Receipts in any Nationalised Bank, initially for a period of two years and to be renewed if so required for a further period till disposal of the appeal.

iv) Civil application disposed of.

(P.R. BORA) JUDGE mub