1 IN THE HIGH COURT OF JUDICATURE OF BOMBAY BENCH AT AURANGABAD CIVIL APPLICATION NO.5366 OF 2009 IN FIRST APPEAL NO.2448 OF 2008 Varsha d/o Shivaji Bobade & another Applicants Versus New India Assurance Co. Ltd. & others Respondents Mr.P.S.Pawar, advocate for the applicants. Mr.Dhananjay Deshpande, advocate for Respondent No.1. CORAM: R.M.BORDE, J. DATE : 21st August, 2009. P.C.: 1 This is an application seeking withdrawal of amount deposited by appellant-Insurance Company. 2 Award came to be passed in pursuant to the claim petition presented by claimants before the Motor Accident Claims Tribunal, Aurangabad and after consideration of relevant aspects, the Tribunal was pleased to allow the claim and directed payment of compensation to the tune of Rs.3,47,500/- inclusive of no fault liability amount along with interest @ 6% p.a. 3 The appellant-Insurance Company, while presenting appeal, deposited an amount of Rs.1,50,836/-, whereas, it is stated that an amount of Rs.50,000/- was deposited towards no fault liability, which has been withdrawn by Respondents-claimants. It is also further stated that 2 an amount of Rs.2,01,529/- has been deposited before the Tribunal. Respondent No.1 herein is minor and in order to safeguard her interest, the Tribunal has directed investment of amount of Rs.2,00,000/- in the name of minor in fixed deposit. 4 Considering the direction issued by the Tribunal, amount of Rs.2,01,529/-, deposited by the Insurance Company before the Tribunal, be invested in fixed deposit in Nationalised Bank in the name of minor initially for a period of three years and the fixed deposit receipt shall be renewed every year thereafter until disposal of the appeal. Applicants herein are permitted to withdraw an amount of Rs.1,50,836/-, deposited by appellant-Insurance Company in this Court at the time of presentation of appeal, on furnishing solvent security for the like amount. 4 Civil Application stands disposed of accordingly. (R.M.BORDE) JUDGE ******* adb/ca536609