Tulsabai Kisanrao Warkad and Anr. v. Kamlesh Kantaprasad Jaiswal and Anr.
Case brief
What is this about?
Lok Adalat settlement; compromise terms marked 'X'; Insurance Company to pay Rs.3,80,000/- as full and final satisfaction; deposit within 45 days in concerned MACT; simple future interest @ 6% per annum on default; appellants entitled to withdraw; refund of court fees after depositing deficit; pending civil applications disposed; award drawn up; National Lok Adalat 27.07.2024 Aurangabad; Justice Kishore C. Sant; First Appeal No. 2523 of 2021; Tulsabai Kisanrao Warkad; Kamlesh Kantaprasad Jaiswal.
What did the court decide?
Appeal disposed of in terms of compromise: Insurance Company to pay/deposit Rs.3,80,000/- to the appellants as full and final satisfaction of their claim, within 45 days in the concerned MACT, failing which simple future interest @ 6% per annum; appellants entitled to withdraw the amount; deficit court fees, if any, to be deposited followed by refund; award to be drawn up accordingly.