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Bombay High CourtMCA/701/2017disposed of

Tukaram Narayan Zikambade And 4 ORS., v. National Insurance Co. Ltd., Thr. Its Authorized Officer And 2 ORS.,

2017-09-15Hon'Ble Kum. Justice Nutan D. Sardessai2 pages

IN THE HIGH COURT OF BOMBAY AT GOA

MISC.CIVIL APPLICATION NO. 701 OF 2017 IN FIRST APPEAL NO. 130 OF 2016 TUKARAM NARAYAN ZIKAMBADE AND 4 ORS., ... Applicants

Versus

NATIONAL INSURANCE CO. LTD., THR.

ITS AUTHORIZED OFFICER AND 2 ORS., ... Respondents Mr. Milton Marshal, Advocate for the Applicants. Ms. Y. Mandrekar, Advocate for the Respondent no.1. Coram:- NUTAN D. SARDESSAI, J.

Date:- 15th September 2017 P.C.

This is an application for withdrawal of 50 percent of the compensation deposited by the Respondent no.1 in this Court. The Respondent no.1 has no serious objection to the withdrawal subject to the Applicant furnishing an undertaking before this Court.

2. In view thereof, the application stands allowed releasing 50 percent of the compensation with interest accrued thereon in favour of the Applicant nos.1 and 2 who shall execute necessary undertaking before the Registry of this Court to indemnify the Respondent no.1 in the event they succeed in the Appeal.

MCA/701/2017

3. Application stands disposed off accordingly. NUTAN D. SARDESSAI, J.

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