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Iffco Tokio General Insurance ... vs Chandrakantbhai Dayaljibhai ...
2021 Latest Caselaw 4321 Guj

Citation : 2021 Latest Caselaw 4321 Guj
Judgement Date : 17 March, 2021

Gujarat High Court
Iffco Tokio General Insurance ... vs Chandrakantbhai Dayaljibhai ... on 17 March, 2021
Bench: Nikhil S. Kariel
               C/FA/2594/2020                            ORDER




  IN THE HIGH COURT OF GUJARAT AT AHMEDABAD

              R/FIRST APPEAL NO. 2594 of 2020

                           With
     CIVIL APPLICATION (FOR STAY) NO. 1 of 2020
            In R/FIRST APPEAL NO. 2594 of 2020
                           With
                 CIVIL APPLICATION (FOR
WITHDRAWAL/DISBURSEMENT OF AMOUNT) NO. 1 of
                           2021
            In R/FIRST APPEAL NO. 2594 of 2020
============================================
         IFFCO TOKIO GENERAL INSURANCE CO.LTD.
                           Versus
       CHANDRAKANTBHAI DAYALJIBHAI NALIYAPARA
============================================
Appearance:
MR RATHIN P RAVAL(5013) for the Appellant(s) No. 1
MR MAULIK J SHELAT(2500) for the Defendant(s) No. 1
NOTICE UNSERVED(8) for the Defendant(s) No. 2
============================================
CORAM: HONOURABLE MR. JUSTICE NIKHIL S. KARIEL

                                Date : 17/03/2021

                                 ORAL ORDER

ORDER IN FIRST APPEAL NO.2594 of 2020 :

Heard learned Advocate Shri Rathin Raval for the appellant and learned Advocate Shri Maulik J. Shelat for the respondent No.1.

ADMIT. Learned Advocate Shri Maulik J. Shelat waives service of notice of admission on behalf of the respondent No.1.

C/FA/2594/2020 ORDER

ORDER IN CIVIL APPLICATION NO.1 of 2021 :

Heard learned Advocate Shri Maulik J. Shelat for the applicant and learned Advocate Shri Rathin Raval for the respondent.

Vide order dated 21.02.2021, this Court (Coram: Biren Vaishnav, J.) had been pleased to issue Rule and had issued direction for staying the impugned judgment and award on condition that the applicant - Insurance Company shall deposit the entire awarded amount by next returnable date.

Learned Advocate Shri Shelat submits that entire awarded amount had been deposited and whereas he submits that the appropriate order of disbursement / investment of the deposited amount may be passed by this Court.

Considering the submissions of learned Advocate Shri Shelat, learned Tribunal shall disburse 30% of the amount deposited to the original claimant by A/c. Payee Cheque after due and proper verification. In so far as remaining 70% of the awarded amount is concerned, the same shall be deposited in the Fixed Deposit Receipt in any Nationalized Bank initially for a period of 3 years and thereafter, the same shall be renewed from time to time till final disposal of the appeal. Original Fixed Deposit Receipt shall be retained by the Nazir of the concerned Tribunal. The original claimant shall be entitled for periodical interest.

With this observation and direction, present Civil Application stands disposed of.

CIVIL APPLICATION NO.1 of 2020 :

Heard learned Advocate Shri Rathin Raval for the applicant and

C/FA/2594/2020 ORDER

learned Advocate Shri Maulik J. Shelat for the respondent No.1.

As per order dated 21.02.2021 of this Court, the entire awarded amount having been deposited by the applicant Insurance Company. The original claimant has preferred Civil Application for disbursement and whereas today, this Court has passed the order for disbursement / investment.

In this view of the matter, the impugned judgment and award passed by the learned Motor Accident Claims Tribunal (Special), Rajkot, in MACP No.850 of 2017 dated 29.11.2019 shall remain stayed till final disposal of the First Appeal.

With this observation and direction, present Civil Application stands disposed of.

(NIKHIL S. KARIEL,J) Y.N. VYAS

 
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