New India Assurance Wins Suitor Fund Withdrawal

Authority: Supreme Court of India

Order Date: 10-09-2026

Case Overview

• Petitioner: The New India Assurance Company Ltd
• Respondent: M/s Sintex Prefab and Infra Limited
• Proceedings: Miscellaneous Application No. 306/2026 in Civil Appeal No. 7130/2025; IA No. 259305/2026 filed for permission to withdraw suitor fund amount.
• Background: The civil appeal (No. 7130/2025) was dismissed by the Court on 23 May 2025. Following that dismissal, the petitioner sought to withdraw the suitor fund amount associated with the appeal.
• Hearing: The matter was called for hearing on 10 September 2026 before Hon'ble Mr. Justice Arun Palli (in chamber). Counsel for the petitioner was Ms. Awantika Manohar (AOR). No counsel appeared for the respondent.

Order Details

1. The Court recognized that the application pertains to the withdrawal of the suitor fund amount in connection with the dismissed civil appeal.

2. The application bearing IA No. 259305/2026 is allowed.

3. Consequently, the miscellaneous application is disposed of.

Final Outcome

• The Supreme Court granted the petitioner's request, permitting the withdrawal of the suitor fund amount, and formally closed the miscellaneous application.

Topics: Legal; Insurance