MAHARAJA AGRASEN HOSPITAL & ORS. v. MASTER RISHABH SHARMA & ORS.

p. 1232

A Post Office in the name of Master Rishabh Sharma so that it will give him monthly interest of 7.6% p.a., that is to say Rs.2,850/- per month, which shall be utilized by his Mrs. Pooja Sharma primarily for the upbringing of Respondent No.1. C. The balance of Rs. 5,50,000/- from the amount deposited by B the Appellants, shall be invested in a Five Year Fixed Deposit Account (“FD Account”) to opened with UCO Bank, Supreme Court, Tilak Marg, New Delhi in the name of Master Rishabh Sharma. The interest accruing therefrom may be utilized by Mrs. Pooja Sharma in such manner as is deemed appropriate. C D. These investments will ensure an annual income of approximately Rs. 4,50,000/-. With the investment of Rs. 1,50,000/- in a PPF Account, which will be tax free, as the annual income of Rs. 3,00,000/- will be within the permissible tax exemption limit of Rs. 3,00,000/- plus Rs. 75,000/- (Disability Allowance under Section 80U of the Income Tax Act,1961). D E. All these deposits on maturity shall be re-invested by Respondent No.2 – Pooja Sharma with the concurrence of the concerned Registrar of this Court on such terms, which will fetch a high rate of interest, and preserve the corpus for the benefit of Respondent No.1. At no stage, will the Respondent No.2 be permitted E to withdraw any amount from these deposits without the permission of the concerned Registrar. 11.5.8 We direct the concerned Registrar of this Court to be associated with Respondent No.2- the mother of Master Rishabh Sharma, in giving effect to the directions issued hereinabove. F

12Copy pinpoint12. Accordingly, we allow Civil Appeal No. 9461 of 2019 (Diary No. 15393 of 2019) filed by the Complainants.

13Copy pinpoint13. Civil Appeal No. 6619 of 2016 filed by the Hospital and the Doctors is dismissed. The Appellant Nos. 1 to 4 in Civil Appeal No. 6619 of 2016 are directed to deposit the balance amount of. Rs. G 44,00,000/- in this Court within a further period of 12 weeks from today.

14Copy pinpoint14. An affidavit of compliance with respect to the deposit of compensation be filed by the Appellants before this Court.

15Copy pinpoint15. We have been informed by the Registry of this Court that H the amount of Rs. 32,00,000/-, which was deposited by the Appellants

MAHARAJA AGRASEN HOSPITAL & ORS. v. MASTER 1233 RISHABH SHARMA & ORS. [INDU MALHOTRA, J. ]

pursuant to Order dated 29.07.2016 of this Court, and kept in a A Fixed Deposit with UCO Bank, has accrued an interest of about Rs. 3,80,954/-. We direct that this interest amount be made over to Mrs. Pooja Sharma, the mother and care-giver, for the welfare and education of Master Rishabh Sharma, for the current year.

16Copy pinpoint16. The original medical records be returned by the Registry to B the counsel for the Appellant No.1-Hospital. Pending Applications, if any, are accordingly disposed of. Ordered accordingly.

C Ankit Gyan Appeals disposed of.

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