Supreme Court of India · 2010-03-12
CHOLAMANDALAM MS GEN.INSURANCE CO.LTD. vs RADHAMANI .
- Citation / case number
- SC 2007/9575
- Court
- Supreme Court of India
- Petitioner
- CHOLAMANDALAM MS GEN.INSURANCE CO.LTD.
- Respondent
- RADHAMANI .
Judgment text excerpt
The Supreme Court modified the High Court's order regarding the withdrawal of compensation by the claimants, stipulating that they must furnish security to the satisfaction of the Tribunal before accessing the funds. The Court directed that the remaining amount deposited by the insurer be kept in a fixed deposit until the appeal is resolved, emphasizing the need for expeditious disposal of the pending appeal. This decision underscores the importance of ensuring security in compensation claims while balancing the rights of the claimants.