1 FA.717.99 OPERATIVE PART.doc ndm IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE JURISDICTION FIRST APPEAL NO. 717 OF 1999 Dr. Dattatraya Laxman Shinde. ... Appellant Versus 1. Nana Raghunath Hire, 2. Pramod Jagatsingh Pardeshi, 3. New India Assurance Company Limited. ... Respondents Mr. S.G.Deshmukh for the Appellant Mr. S.S.Vidyarthi for the Respondent No.3 CORAM : A.S.OKA, J. DATE ON WHICH SUBMISSIONS ARE HEARD : 14 th July, 2011. DATE ON WHICH JUDGMENT IS PRONOUNCED : 8 th August, 2011. JUDGMENT: . For the reasons recorded in the Judgment delivered today, I pass the following order: i. In addition to the compensation granted under the impugned judgment and award, the Appellant shall be entitled to additional 2 FA.717.99 OPERATIVE PART.doc compensation of Rs.25,65,000/­ together with interest on the sum of Rs. 23,15,000/­ at the rate of 7.5% per annum from the date of filing of the claim petition till the deposit of the amount with the Tribunal . The additional compensation shall be deposited with the Tribunal within a period of three months from today; ii. In addition, the Appellant will be entitled to costs of this Appeal quantified at Rs.20,000/­ from the Respondents ; iii. If the enhanced compensation is not deposited within the stipulated time, on the amounts of Rs.2,50,000/­ and Rs.20,000/­, interest shall be payable from the date of this judgment at the rate of 8% per annum till the date of deposit ; iv. Out of the amount of enhanced compensation with interest and costs payable to the Appellant, 50% amount shall be paid over to the Appellant by an account payee cheque ; v. Remaining 50% amount shall be invested by 3 FA.717.99 OPERATIVE PART.doc the Tribunal in fixed deposit for a period of ten years ; vi. The fixed deposit shall be made with any nationalized bank in such a manner that, it will attract maximum rate of interest ; vii. The Appellant will be entitled to withdraw quarterly interest payable on the said fixed deposit amount ; viii. The Appeal is partly allowed on above terms. [ A.S.OKA, J ]