{1} ca5322.11.odt IN THE HIGH COURT OF JUDICATURE OF BOMBAY BENCH AT AURANGABAD CIVIL APPLICATION NO.5322 OF 2011 IN FIRST APPEAL ST.NO.22582 OF 2010 Meera w/o Ankushrao Rathod and others Applicants Versus New India Assurance Co.Ltd. and another Respondents Mr.Shrikant Kulkarni, advocate for the applicants. Mr. V.N.Upadhye, advocate for respondent no.1. Mr.T.G.Gaikwad, advocate for respondent no.2. CORAM : R.M.BORDE, J. DATE : 10 th June, 2011 PER COURT: 1 This is an application presented by original claimants seeking withdrawal of the amount deposited by Appellant- Insurance Company in this Court. 2 It is informed that at the time of presentation of appeal, the Insurer – appellant has deposited an amount of Rs. 25,000/- in this Court, whereas, in pursuance to the order passed by this Court, further amount of Rs.4,51,411/- has been deposited in this Court on 04.03.2011. Thus, total amount deposited by the Insurer – appellant, in this Court, is to the tune of Rs.4,76,411/-. The Motor Accident Claims Tribunal held claimant no.1 entitled to {2} ca5322.11.odt receive the amount awarded excluding the amount receivable by claimants no.2 and 3 i.e. Rs.75,000/- each. It is directed by the Tribunal to invest the amount of Rs.1,50,000/-, receivable by claimants no.2 and 3 in the Nationalised Bank till they attain majority. 3 Considering the award passed by the Motor Accident Claims Tribunal and in the facts and circumstances of this case, I deem it appropriate to permit the applicants to withdraw a sum of Rs.3,00,000/- (Rs.Three lacs), out of the amount deposited by the Insurance Company in this Court, by furnishing solvent security to the satisfaction of the Registrar (Judicial). The balance amount shall be invested in Fixed Deposit initially for the period of three years in any Nationalised Bank and the Fixed Deposit Receipt shall be renewed thereafter every year until disposal of the appeal. 4 Civil Application stands disposed of. R.M.BORDE JUDGE ******* adb/ca5322.11