Bhaskar Ganpat Chate v. Tata Aig General Insurance Company Ltd And ORS

925-CA-7853-2023

IN THE HIGH COURT OF JUDICATURE OF BOMBAY

BENCH AT AURANGABAD 925 CIVIL APPLICATION NO. 7853 OF 2023 IN FIRST APPEAL NO. 760 OF 2023 BHASKAR GANPAT CHATE

VERSUS

TATA AIG GENERAL INSURANCE COMPANY LTD AND OTHERS ...

Mr. N.U. Telgaonkar - Advocate for Applicant Mr. R.H. Dahat - Advocate for Respondent No.1 ....

CORAM : SANDIPKUMAR C. MORE, J.

DATE : 10th August, 2023 PER COURT :

1.

Heard rival submissions.

2.

The applicant is seeking withdrawal of the entire amount of compensation, which has been deposited by the Insurance Company alongwith the interest accrued thereon. 3.

The learned Counsel for the Insurance Company opposed the application on the ground that the learned Tribunal has granted exorbitant amount of compensation. 4.

In view of the same and considering the compensation Pooja K.

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925-CA-7853-2023 granted by the learned Tribunal, the applicant is permitted to withdraw 50% of the deposited amount of compensation alongwith the proportionate interest accrued thereon till date on furnishing usual undertaking to the satisfaction of the Registrar (Judicial) of this Court.

5.

The remaining amount be kept in F.D.R. in any nationalized Bank on yearly renewal basis till final disposal of this appeal.

6.

The civil application is accordingly disposed of. [ SANDIPKUMAR C. MORE ] JUDGE Pooja K.

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