Mpt CAF No.2835/08 & 4548/08 FARAD CONTINUATION IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE CIVIL APPLICATION NO.2835 of 2008 WITH CIVIL APPLICATION NO.4548 of 2008 IN FIRST APPEAL St.No.11747 of 2008 ------------------------------------------------------------------------------------------------------------------ Office Notes, Office Memoranda of Court's or Judge's Orders Coram, appearances, Court's Orders or directions and Registrar's Orders ------------------------------------------------------------------------------------------------------------------ Mr.H.G. Misar i/b S.G. Deshpande for the applicant in CA 2835/08 and respondents in CA 4548/08 Mr.A.M. Gokhale i/b M.B. Kotak for applicant in CA 4548/08 and respondent nos.1 to 3 in CA 2835/08 CORAM : D.G. KARNIK, J DATE : 15th February 2011 P.C. : 1. Civil Application No.2835/08 is filed by the applicant insurance company for stay of execution of money award passed by the Motor Accident Claims Tribunal. Counsel for the insurance company states that the entire money of the award has been deposited in the Tribunal and therefore stay for execution may be granted. 2. Civil Application No.4548/08 has been made by the original claimants before the Motor Accident Claims Tribunal for withdrawal of the amount deposited in the Tribunal. 3. Taking into consideration the fact that money is required for the day to day expenses and maintenance of the original claimants who were dependent upon the deceased, in my view, the applicants can be permitted to withdraw part of the amount deposited in the Tribunal. Accordingly, applicants are permitted to withdraw 50% of the amount deposited before the Tribunal. The balance amount shall be invested in a nationalised bank offering good rate of interest initially for a period not exceeding 13 months to be renewed from time to time for a period not exceeding 37 months at a time till the disposal of the appeal. The interest accrued on the amount so invested may be paid to the original claimants for their maintenance. 4. Both the civil applications are disposed of. (D.G. KARNIK, J.)