FARAD CONTINUATION SHEET NO. IN THE HIGH COURT OF JUDICATURE AT BOMBAY APPELLATE SIDE, BENCH AT AURANGBAD. ---------------------------------------------------------------------------------------------------- Office notes, office Memoranda of | coram, appearance, court’s orders | Court’s or Judge’s orders. or directions and Registrar’s orders | CIVIL APPLIATION NO.870/2010 IN FIRST APPEAL NO.2669/2009 Shri A.S.Barlota Adv.for applicants. Shri A.S.Deshpande,Adv.for R.1. .... CORAM : A.P.DESHPANDE & N.D.DESHPANDE,JJ. DATE : 15/02/2010. 1] The respondent no.1 Insurance Company has filed an Appeal challenging the award passed by Motor Accident Claims Tribunal. By the impugned award, the claimants are granted compensation in the sum of Rs.11,34,360/- together with interest at the rate of 9% p.a. from the date of filing of the claim petition until realization. Under the order passed by this Court, 50% of the amount being Rs. 5,83,476/- is deposited in this Court. 2] The present application is for withdrawal of the amount of deposit, which is 50% of the decreetal amount as per the impugned award. 3] We perused the award from the point of apportionment between 3 claimants for direct payment and investment under F.D.R. with Nationalized Bank. Accordingly, we deem it fit to direct payment of Rs.2,30,000/- to applicant no.1 Rekha Salve and payment of Rs. 1,00,000/- to applicant no.3 Laxmibai the mother of the deceased and the remaining amount of deposit shall be invested in any Nationalised Bank under F.D.R. in the name of applicant no.2 Shashank Salve (minor) till he attains the age of majority, with liberty to receive quarterly interest out of the total amount of Rs.5,83,476/- deposited by the Insurance Company and to that extent the Insurance Company has no objection for withdrawal of the deposit amount which is 50% of the amount as per the impugned award. Accordingly, application is allowed and disposed of. (N.D.DESHPANDE) (A.P.DESHPANDE) JUDGE JUDGE umg/ca870-10