Authority: Supreme Court of India (Hon'ble Mr. Justice Augustine George Masih, in Chamber)

Order Date: 05-08-2026

Case Overview

  • Petition: The New India Assurance Co. Ltd. & Ors (Petitioner) vs Paralam Global Private Limited (Respondent) under Miscellaneous Application No. 1093/2025 in C.A. No. 5030/2023, seeking direction for release of suitor fund (IA No. 165251/2026).
  • Counsel: For Petitioners – Mr. Amit Kumar Singh, AOR; Ms. K Enatoli Sema, Adv.; Ms. Chubalemla Chang, Adv.; Mr. Prang Newmai, Adv. For Respondent – Mr. Amit Pai, AOR.
  • The Court considered the application for withdrawal of the suitor fund amount.

Order

  • IA No. 165251/2026 seeking withdrawal of suitor fund amount is allowed. The amount shall be disbursed to the applicant/appellant after due verification of the applicant’s identity.
  • M.A.No. 1093/2025 is disposed of.

Final Outcome

  • The suitor fund is to be released to The New India Assurance Co. Ltd. subject to identity verification, and the pending application is closed.

Topics: Court Order, Insurance Fund Release, Legal Procedure