In a compromise before the National Lok Adalat, Allahabad, the insurance company agreed to pay an additional sum with interest to settle the appeal arising from a Tribunal award on 03.10.2021.
Settlement of appeal with payment of Rs. 4,84,000 plus interest agreed in compromise.
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Before National Lok Adalat, High Court of Judicature at Allahabad
Court No. - 44
Case :- FIRST APPEAL FROM ORDER No. - 114 of 2018
Appellant :- Manoj And 4 Others Respondent :- United India Insurance Co. Ltd. And 2 Others Counsel for Appellant :- Lal Chandra Sahu Counsel for Respondent :- Komal Mehrotra,Nripendra Mishra
Hon'ble Vivek Agarwal,J.
In terms of the application filed by Sri Lal Chandra Sahu, learned counsel for the appellants, Authorized representatives of the Insurance Company, matter has been amicably settled in terms of the memo of compromise dated 03.10.2021, wherein, it is agreed that the Insurance Company shall pay in addition to the amount awarded by the Tribunal vide its judgment and award dated 07.09.2017, a sum of Rs.4,84,000/-(four lakhs eighty four thousand) alongwith interest @ 3.25% from the date of award over and above amount awarded by the learned Tribunal as final settlement.
Other terms and conditions mentioned in the memo of compromise shall be applicable. Copy of duly signed consent form be treated as part of this order.
In above terms, Appeal is disposed off in full and final satisfaction of the parties moving compromise application Order Date :- 3.10.2021 Ravi/-
(Nikhil Agrawal)(Member) (Vivek Agarwal, J.)(Member)
Manoj And 4 Others
United India Insurance Co. Ltd. And 2 Others
Vivek Agarwal
Nikhil Agrawal
As recorded by the court registry
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