ICICI Lombard General Insurance Company Ltd. v. Yogesh Kumar Sharma & Ors.

Delhi High Court · 13 Nov 2017 · 2017:DHC:6898
R. K. Gauba
MAC A No.290/2012
2017:DHC:6898
civil appeal_dismissed

AI Summary

The Delhi High Court dismissed the insurance company's appeal as withdrawn and ordered release of the balance compensation amount with interest to the claimant, along with refund of the statutory deposit to the insurer.

Full Text
Translation output
MAC A No.290/2012 HIGH COURT OF DELHI
Date of Decision: 13th November, 2017
MAC.APP. 290/2012 and CM Nos.4977/2012 and 4979/2012
ICICI LOMBARD GENERAL INSURANCE COMPANY LTD. ... Appellant
Through: Mr. Pankaj Gupta for Ms. Suman Bagga, Advocate
VERSUS
YOGESH KUMAR SHARMA & ORS. ..... Respondents
Through: None
CORAM:
HON'BLE MR. JUSTICE R.K.GAUBA
JUDGMENT
(ORAL)

1. The counsel for the appellant submits that he may be allowed to withdraw the appeal.

2. The appeal and the pending applications are accordingly dismissed as withdrawn.

3. In terms of order dated 19.03.2012, the insurance company had been directed to deposit the entire awarded amount with up-to-date interest with the Registrar General. In terms of order dated 26.02.2013, fifty percent (50%) of the amount deposited was permitted to be released to the claimant. The balance with accrued interest shall also now be released to the claimant in terms of the judgment of the tribunal. 2017:DHC:6898 MAC A No.290/2012

4. The statutory amount shall be refunded to the insurance company. R.K.GAUBA, J. NOVEMBER 13, 2017 yg