1 ca7521.11 FARAD CONTINUATION SHEET No. IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE, BENCH AT AURANGABAD CIVIL APPLICATION NO. 7521 OF 2011 IN FIRST APPEAL ST. NO. 33300 OF 2010 Office Notes,Office Memoranda of Coram,appearances, Court's orders or directions and Registrar's orders Court's or Judge's orders CORAM : R.M. BORDE, J. DATED : 22.07.2011 Shri R.R. Imale, Advocate for the applicants. Shri S.G. Chapalgaonkar, Advocate for respondent No.1. 1. This is an application seeking withdrawal of the amount deposited by the insurance company. The insurance company has deposited the amount to the tune of Rs. 25,58,602/- towards the compensation directed to be paid within four weeks. 2. Considering the contentions raised in the application, I am of the view that the claimant shall be permitted to withdraw 50% of the amount deposited by the insurance company. The claimants shall be permitted to withdraw sum of Rs. 13,00,000/- (Rupees Thirteen Lakhs Only) 2 ca7521.11 on furnishing solvent security for the like amount. The balance amount shall be invested in fixed deposit, initially for a period of three years and the fixed deposit receipt shall be renewed thereafter for a period until disposal of the appeal. 3. The cheque in respect of the amount shall be issued in the name of applicant no.1. 4. The Civil Application stands disposed of. [R.M. BORDE, J.] snk/2011/JUL11/ca7521.11