spb/- 1 ca1774-10.sxw IN THE HIGH COURT OF JUDICATURE AT BOMBAY CIVIL APPELLATE SIDE JURISDICTION CIVIL APPLICATION NO. 1774 OF 2010 IN FIRST APPEAL NO. 1853 OF 2010 The Oriental Insurance Co. Ltd., ... Applicants. V/s. Shailja Dattatraya Koli & Ors. ... Respondents. ­­­ Mrs. Anita A. Agarwal for the Applicants. Mr. Ravi Kadam for the Respondents Nos. 1 to 4. ­­­­­ CORAM : D. G. KARNIK, J. DATE : 21st JANUARY, 2011. P.C. 1 Heard learned counsel for the parties. 2 This is an application for stay of an Award passed by the Motor Accident Claims Tribunal. Learned counsel for the applicants states that in pursuance of the order dated 7th June, 2010 passed by a Division Bench of this court, the applicant (appellant) has deposited decretal amount in the Tribunal. The learned counsel for the respondent states that part of the amount deposited may be allowed to be withdrawn by the respondents to tide over financial crises which they have suffered on account of untimely death of the bread­winner. Considering the submissions made by the parties, I pass the following order : spb/- 2 ca1774-10.sxw ORDER i Out of the amount of about Rs. Sixteen lakhs deposited by the appellants in the trial court an amount of Rs. Two lakhs each be paid to the respondent nos. 1,2 and 3 and sum of Rs. One lakh be paid to the respondent no.4. This be done on each of them executing personal bond for repayment if so ordered by the court. ii The balance amount be invested in a nationalized bank of the choice of the applicants to be indicated before the tribunal within one week, failing which the balance amount be invested in any nationalized bank which pays good interest. The amount shall be invested initially for a period between 13 to 36 months which ever offers best interest and the deposit shall be renewed from time to time till the disposal of the appeal. iii The amount of interest shall be paid to the respondents­ claimants in proportion to which they are entitled to till disposal of the appeal. 3 The civil application is disposed of in the above terms. [D.G. KARNIK, J.]