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FA/1020/2011 2/ 2 ORDER
IN
THE HIGH COURT OF GUJARAT AT AHMEDABAD
FIRST
APPEAL No. 1020 of 2011
With
CIVIL
APPLICATION No. 3483 of 2011
In
FIRST
APPEAL No. 1020 of 2011
=========================================================
UNITED
INDIA INSURANCE COMPANY LIMITED, UNJHA - Appellant(s)
Versus
PARMAR
VINESHKUMAR @ VINUBHAI MAVJIBHAI & 4 - Defendant(s)
=========================================================
Appearance :
MR
VIBHUTI NANAVATI for
Appellant(s) : 1,
None for Defendant(s) : 1 -
5.
=========================================================
CORAM
:
HONOURABLE
MR.JUSTICE KS JHAVERI
Date
: 30/03/2011
ORAL
ORDER
ADMIT.
[K.
S. JHAVERI, J.]
ORDER
IN CIVIL APPLICATION
1. Rule
returnable on 09.05.2011.
By
way of ad-interim relief, the impugned judgment and award passed by
the Tribunal below is stayed on condition that the
applicant-Insurance Company deposits the decretal amount with the
Tribunal below before the returnable date.
2. On
such deposit being made, the Tribunal below shall invest 60% thereof
in Fixed Deposit with any nationalized bank on long term basis and
the same shall be renewed from time to time, without any further
orders in that regard from this Court. Quarterly interest accruing on
such deposit shall be paid to the original claimants on regular
basis.
3. Orders
regarding disbursement of the balance 40% amount shall be passed on
the returnable date.
[K.
S. JHAVERI, J.]
Pravin/*
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