1 IN THE HIGH COURT OF JUDICATURE OF BOMBAY BENCH AT AURANGABAD CIVIL APPLICATION NO.6908 OF 2009 IN FIRST APPEAL NO.780 OF 2009 Seemabai w/o Bhagwan Sontakke and others Applicants Versus Oriental Insurance Co.Ltd. Respondent Mr.G.R.Ingole Patil, advocate for the applicant. Mr.Dhananjay Deshpande, advocate for Respondent. CORAM: R.M.BORDE, J. DATE : 25 th September, 2009. P.C.: 1 The Motor Accident Claims Tribunal, Nanded, in view of the award passed on 12.12.2008, held applicants – original claimants entitled to receive compensation to the tune of Rs.3,35,000/- along with interest @ 6% p.a. on account of death of husband of applicant no.1 as a result of accident. 2 It is stated that an amount of Rs.50,000/- has already been received by applicants-claimants, whereas an amount of Rs.3,47,929/- has been deposited by the Insurance Company in this Court. Considering the fact that applicants no.2, 3 and 4 are minors, it would be desirable to permit applicant no. 1 to withdraw part of the amount of compensation and rest of the amount shall be invested in fixed deposit and applicant no.1 shall be entitled to receive quarterly interest accrued on such fixed deposit. 3 In this view of the matter, applicant no.1 is permitted to withdraw 2 an amount of Rs.1,00,000/- (Rs.One lac) on furnishing solvent security for the like amount. The balance of amount shall be invested in fixed deposit in any Nationalied Bank. Applicant no.1 shall be entitled to withdraw quarterly interest accrued thereon. The amount, as directed, shall be invested in fixed deposit, initially for the period of three years and fixed deposit shall be renewed on completion of period of three years for further period until disposal of appeal. 4 Civil Application stands disposed of. (R.M.BORDE) JUDGE ******* adb/ca690809