Tarabai Gulabrao Shelke And Others v. New India Insurance Co. Ltd. And ORS

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

BENCH AT AURANGABAD 925 CIVIL APPLICATION NO. 16372 OF 2016 IN FA/193/2016 TARABAI GULABRAO SHELKE AND OTHERS

VERSUS

NEW INDIA INSURANCE CO. LTD. AND ORS ...

Adv.for Applicants : Mr. Dr.tawshikar Swapnil D. Mr. SG Chapalgaonkar For R/1 ...

CORAM : P.R. BORA, J.

Dated: December 20, 2016 ...

PER COURT :- 1) Heard learned Counsel for the applicants and learned Counsel for insurance company.

Considering the submission so made, I am inclined to pass the following order, -

ORDER

i) The applicants are permitted to withdraw 50% of the amount deposited by the insurance company in this court, on submitting an undertaking that, if any adverse order is passed against them in the appeals, they will re-deposit the amount within four months of passing such order;

ii) Balance 50% amount be invested in a Fixed BDV

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

BENCH AT AURANGABAD Deposit Receipts in any Nationalized Bank, till disposal of the appeal/s.

iii) The Civil Application/s for withdrawal of the amount is disposed of.

( P.R. BORA, J. ) ...

BDV