Oriental Insurance Seeks Security on 50% Withdrawal

Authority: Supreme Court of India

Order Date: 04-08-2026

Case Overview

• Petition for Special Leave to Appeal (C) No. 25210/2026 filed by The Oriental Insurance Company Ltd against Savita Devi & Ors, arising from the impugned final judgment and order dated 24‑04‑2026 in FAFO No. 1011/2026 of the Allahabad High Court.
• The petition challenges the High Court order that permitted the respondents to withdraw 50 % of a specified amount and seeks clarification on whether security must be furnished for such withdrawal.
• Counsel for the petitioner included Mr. Yashish Chandra, Mr. Sagar Roy, Mr. Sandeep Kumar, Mr. Onkar Singh, Ms. Pragati Katiyar, Mr. Rajiv Agnihotri, Mr. M.L. Agarwal, Ms. Sangeeta Gaur, Ms. Pallavi Talwar, Ms. Sangita Malhotra, and AOR Mr. Mukesh Kumar. Respondent counsel details were not provided.
• After hearing counsel, the Court issued the following order.

Order

• The Court ordered that a notice be issued for the limited purpose of deciding whether the respondents are required to furnish security for withdrawing the 50 % permitted by the impugned order, with the security returnable on 22 Sep 2026.
• Additionally, the filing of “Dasti” (a supporting document) is permitted.

Final Outcome

• A notice will be issued to determine the security requirement; the decision on security will be made subsequently.
• The filing of Dasti is allowed.

Topics: Insurance, Court Proceedings