Insurance company's appeal against MACT award was settled before the National Lok Adalat. Partial refund to insurer and release of Rs. 15,00,000/- to claimants with balance as per tribunal award.
Rs. 15,00,000/- released to claimants; balance per award; Rs. 9,44,959/- with interest refunded to insurer along with statutory amount.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
$~22
ORIENTAL INSURANCE CO LTD ..... Appellant
Through: Mr. A. K. Soni, Advocate along with Mr. Akarsh Deepak, Asst. Manager for insurance company
NATHO DEVI AND ORS ..... Respondents Through: Mr. Ankit Kalra, Advocate for claimant
CORAM:
DR. SUDHIR KUMAR JAIN, PRESIDING OFFICER MR. K. VENKATRAMAN, ADVOCATE (CO-MEMBER)
Appellant insurance company has filed an appeal for reduction of the award dated 24.04.2024 passed by the Learned MACT awarding compensation of Rs. 33,60,000/- along with interest @ 7.5% p.a. from the date of claim petition i.e. 09.05.2022 till the date of realization. On appeal, the insurance company deposited entire awarded amount along with the up to date interest accrued thereon amounting Rs. 39,19,233/-before the Registrar General in terms of the order dated 31.07.2014 passed by this Hon’ble court.
After discussion, it is agreed between the parties that out of the deposited amount including the accrued interest, the insurance company shall be refunded of Rs. 9,44,959/- along with the interest there upon on the said amount from the date of deposit and balance amount of Rs. 29,74,274/- along with the interest accrued thereon on
This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 03/07/2025 at 02:05:06
the said amount shall go to respondent claimants. Ld. Counsel for the respondent/claimants submits that at least 40% of the said amount be released to the respondent No. 1 & 2.
Learned Counsel for the Insurance Company also submits that the statutory amount with interest, if any, may be refunded to the Insurance Company.
After hearing the learned counsel for the claimant, we direct the Registrar General of this Court to release the amount of Rs.15,00,000/- to the respondents/claimants as per the proportion of the award, subject to the fulfilment of the requisite formalities and balance amount along with accrued interest be released in terms of the award of the tribunal. The insurance company be refunded Rs.9,44,959/- along with interest accrued upon on the said amount from the date of deposit.
Statutory amount with interest, if any be refunded to the Insurance Company.
The present appeal along with the pending application(s), if any, is disposed of with directions in terms of the foregoing settlement.
A copy of this order be sent to concerned Ld. Tribunal with LCR, if requisitioned and received.
DR. SUDHIR KUMAR JAIN, J
K. VENKATRAMAN CO-MEMBER
SEPTEMBER 14, 2024/j
This is a digitally signed order. The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 03/07/2025 at 02:05:06
1 issue framed by the court
Whether the award amount of Rs. 33,60,000/- could be reduced/settled between the parties before the Lok Adalat.
Oriental Insurance Co Ltd
Natho Devi
Other respondents
Sudhir Kumar Jain
K. Venkatraman
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
