Lalit Ram Gupta and 2 Others v. the Legal Manager the New India Assurance Company Ltd. Lko. and 2 Others
Case brief
What is this about?
Consent settlement of FAO (Defective) No. 65 of 2024 in the National Lok Adalat, Allahabad High Court, Lucknow Bench (decided March 14, 2026). Lalit Ram Gupta and 2 others v. The Legal Manager, The New India Assurance Company Ltd. and 2 others. Insurer to pay Rs. 5,00,000/- over and above the Tribunal award as full & final satisfaction; 60-day compliance deadline before the Tribunal below; entitlement to interest on court deposits (MACT Bank Account); deposits remitted to Tribunal. Counsel: Vineet Singh Chauhan for appellants; Prasoon Kumar Rai for respondents. Keywords: Lok Adalat, compromise award, MACT, insurance, disposed.
What did the court decide?
Appeal disposed of in terms of compromise: appellant Nos. 1 to 3 to receive Rs. 5,00,000/- from respondent No. 1 in addition to the award as full & final satisfaction; respondent No. 1 to have the compromised award made good before the Tribunal below within 60 days; appellants entitled to entire interest on any amount already deposited in Court (MACT Bank Account); any deposit in this Court remitted to the Tribunal below.