1 FARAD CONTINUATION SHEET NO. IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE, BENCH AT AURANGABAD CIVIL APPLICATION NO. 12506 OF 2009 IN FIRST APPEAL (ST.) NO. 19420 OF 2009 ________________________________________________________ Office Notes, Office | Memoranda of Coram, | Court's or Judge's orders appearances, Court's | orders or directions | and Registrar's orders | ________________________________________________________ This application is filed by the original claimants seeking permission to withdraw an amount of Rs.3,95,767/-, deposited by respondent No.1 herein-United India Insurance Company (Appellant). Heard Shri Manale, learned counsel in support of this application and Shri Mundada, learned counsel for the first respondent-Insurance company. The proceeding arises out of the Motor vehicular accident, wherein the applicants are heirs and legal representatives of Parmeshwar Deshmukh, who died in the accident. In my opinion, the interest of justice would be served by passing following order:- 2 The applicants are permitted to withdraw amount of Rs.2,00,000/- on furnishing solvent security to the satisfaction of the Registrar of this court. The remaining amount shall be transmitted to the Motor Accident Claims Tribunal, Latur and the Tribunal in turn shall invest the said amount initially for a period of one year in a fixed deposit, in any Nationalized bank. The applicants are permitted to withdraw the interest accrued thereon without furnishing any security. The tribunal will ensure that the fixed deposit is renewed from time to time until it receives advice from the High Court. Civil application stands disposed of. (R.G. KETKAR, J.) Date:01.12.2009. rlj/