1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY, BENCH AT AURANGABAD CIVIL APPLICATION NO. 755 OF 2009 IN FIRST APPEAL NO. 1341 OF 2005 Smt. Sunita w/o Sanjay Shinde & others .. APPLICANTS VERSUS New India Assurance Co. Ltd. & others .. RESPONDENTS Shri H.V. Tungar, Advocate holding for Shri C.R. Deshpande, Advocate for the applicants. ===== CORAM : R. M. BORDE, J. DATE : 24 th July, 2009 PER COURT : 1 Heard Shri H.V. Tungar, learned counsel for the applicants. None appears for the respondents. 2 Tribunal has granted claim presented by the applicants herein and held the respondents liable for payment of compensation to the tune of Rs.7,00,000/- alongwith interest at the rate of 9% per annum. On presentation of the appeal by the insurance company, this court has granted stay on condition of deposit of 50% of the amount. Accordingly, the insurance company is stated to have deposited the amount of Rs. 4,44,473/- in this court. 2 3 Considering the relevant circumstances, I am of the opinion that the applicants need to be permitted to withdraw an amount of Rs.2,00,000/- and the balance of amount be invested in fixed deposit. In this view of the matter, application is allowed. Applicant nos. 2 and 3 are minors under the guardianship of applicant no. 1. Applicant no. 1 is permitted to withdraw an amount of Rs.2,00,000/- on furnishing solvent surety for the like amount. Balance of the amount shall be invested in fixed deposit initially for a period of three years and the fixed deposit receipt be renewed every year on expiration of period of three years until disposal of the appeal. Civil application stands disposed of. ( R. M. BORDE, J.) dyb/office/ca755.09.odt