ORIENTAL INSURANCE COMPANY v. SHYAM CHAUHAN ALIAS SHYAM LAL
CMP/17010/2025 · 2025-08-04
Bipin Chander Negi
body2025
DailyLaw.ai
[ 2025 DAILYLAW 19629 (HP) · dailylaw.ai ]
DailyLaw.ai
[ 2025 DAILYLAW 19629 (HP) · dailylaw.ai ]
Judgment text
Extracted from the PDF above. The PDF is authoritative.
Oriental Insurance Company Limited Vs. Shyam Chauhan and Ors.
FAO No.440 of 2015
04.08.2025 Present: Ms. Meera Devi, Advocate, vice Mr. Deepak Gupta, Advocate, for the appellant.
Ms. Preetika Sharma, Advocate, vice Mr. Vivek Sharma, Advocate, for respondent No.1.
None for remaining respondents
CMP No.17010 of 2025
The present application has been filed for seeking release of the awarded amount.
Heard counsel for the parties and perused the pleadings.
At the very outset, it would be appropriate to reproduce the relevant extract of the Award passed by the Motor Accident Claims Tribunal-III, Shimla, HP. The relevant extract is reproduced hereinbelow:-
“However, 50% of the award amount be invested in fixed deposit in any Nationalized Bank and remaining 50% of award amount with proportionate interest be released in favour of the petitioner. Memo of costs be prepared and file, after completion, be consigned to record room.”
Other than the aforesaid, vide order dated 10.08.2022, 25% of the awarded amount in addition to the 50%, which was already released by the trial Court, has been ordered to be released.
In the aforesaid facts and attending circumstances, the present application is dismissed.
(Bipin C. Negi) Judge 04th August, 2025
(Gaurav Rawat)