1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE CIVIL APPLICATION NO.779 OF 2006 IN FIRST APPEAL NO.283 OF 2006 The New India Assurance Co.Ltd. .. Applicant v/s. Abhijit Madhav Akhave and others .. Respondents. Mr.A.S.Vidyarthi with Mr.S.S.Vidyarthi i/by Mr.S.M.Vidyarthi for the applicant. Mr.M.G.Barve for the respondent Nos.1 to 3. ALONGWITH CIVIL APPLICATION NO.2356 OF 2006 IN CIVIL APPLICATION NO.779 OF 2006 IN FIRST APPEAL NO.283 OF 2006 Mr.Abhijit Madhav Akhave and others .. Applicants v/s. The New India Assurance Co.Ltd. and another .. Respondents Mr.M.G.Barve for the applicants. Mr.A.S.Vidyarthi with Mr.S.S.Vidyarthi i/by Mr.S.M.Vidyarthi for the respondent No.2. CORAM : R.M. LODHA & A.S.BAGGA, JJ. DATED : 12TH JUNE, 2006. P.C. The order will dispose of both the applications. 2. The award amount deposited by the insurer-appellant shall 2 be invested in the joint names of the claimants-Abhijit Madhav Akhave and Devdatta Madhav Akhave in the fixed deposit of any nationalised bank for a period of five years initially renewable thereafter fro two years each time until disposal of the first appeal. 3. The aforesaid claimants shall be entitled to withdraw the interest accrued thereon on quarterly basis. Order accordingly. (R.M.LODHA, J.) (A.S.BAGGA, J.)