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CA/8951/2008 2/ 2 ORDER
IN
THE HIGH COURT OF GUJARAT AT AHMEDABAD
CIVIL
APPLICATION - FOR STAY No. 8951 of 2008
=========================================================
NEW
INDIA ASSURANCE CO.LTD. - Petitioner(s)
Versus
RANJITSINH
GULABSINH PATEL & 5 - Respondent(s)
=========================================================
Appearance
:
(MR
PV NANAVATI) for
Petitioner(s) : 1,
None for Respondent(s) : 1 -
6.
=========================================================
CORAM
:
HONOURABLE
MR.JUSTICE H.K.RATHOD
Date
: 11/08/2008
ORAL
ORDER
Heard
learned advocate Mr. Vibhuti Nanavati on behalf of applicant,
learned advocate Mr. KK Nair appearing for Oriental Insurance
company.
Rule
returnable on 11/9/2008.
Ad
interim relief in terms of para 6(A) on condition that appellant
shall have to deposit entire amount together with cost and interest
before claims Tribunal within a period of one month from the date of
receiving copy of this order.
Learned
advocate Mr. Nanavati appearing for applicant submitted that
respondent claimant has received 50% amount from Oriental Insurance
company. Therefore, claims Tribunal is directed to invest entire
amount together with cost and interest for a period of three years
in any Nationalized Bank in the name of respondent claimant with
periodical renewal till appeal is finally decided by this Court.
The
respondent claimants are entitled the interest upon said FDR during
the pendency of appeal. The FDR is in the name of claimants to be
remained with Nazir department of Tribunal.
(H.K.RATHOD,
J)
asma
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