Court Allows Deposit Withdrawal New India Assurance

Authority: Supreme Court of India

Order Date: 11-08-2026

Case Overview

• Appeal No. 3431/2020 filed by The New India Assurance Company Ltd (Appellant) against M/s. Crystal Crop Protection Pvt. Ltd. (Respondent).
• Multiple interim applications were listed: IA No. 180935/2025 (Early Hearing), IA No. 119363/2021 (Exemption from Filing Affidavit), IA No. 41447/2021 (Exemption from Filing O.T.), IA No. 46898/2020 (Stay Application).
• The dispute concerns a deposit already made by the respondent, which is secured by an order presently under challenge in this appeal.
• The bench hearing the matter comprised Hon'ble Mr. Justice M.M. Sundresh and Hon'ble Mr. Justice Prasanna B. Varale.
• Counsel for the appellant: Mr. Amit Kumar Singh, AOR Ms. K Enatoli Sema, Adv. Ms. Chubalemla Chang, Adv. Mr. Prang Newmai.
• Counsel for the respondent: Mr. Joy Basu, Sr. Adv.; Mr. M. Yogesh Kanna, AOR Mr. Anoop George; Adv. Mr. Rahul Dwivedi; Adv. Mr. Vishal Takur; Adv. Ms. Meha Ashok Aggarwal.

Final Outcome

1. The Court, noting the deposit already made and that the respondent is secured by the order under challenge, permits the respondent to withdraw the deposited amount together with accrued interest, without prejudice to any contentions of either party, subject to furnishing security in the form of an immovable property or a bank guarantee from a nationalised bank, satisfactory to the Registrar General of the Court.

2. The interim order dated 09.10.2020 is made absolute.

3. The appeal is listed for further hearing on 03.11.2026.

Topics: Legal Proceedings, Insurance