An insurance company withdrawn an appeal against an award for compensation and interest. On settlement of the balance deposited amount, the appeal was disposed.
Balance amount deposited with interest released to respondents; appeal and pending application disposed of.
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NATIONAL LOK ADALAT
UNITED INDIA INSURANCE CO LTD ..... Appellant Through: Mr. Ravi Sabharwal Advocate
versus
BEGUMWATI & ORS ..... Respondents Through: Mr. Yogesh Swaroop Advocate for R- 1 to 2
CORAM:
DR. SUDHIR KUMAR JAIN, PRESIDING OFFICER MR. K. VENKATRAMAN, ADVOCATE (CO-MEMBER)
O R D E R
Appellant insurance company has filed an appeal for reduction of the award dated 27.05.2013 passed by the Learned MACT, awarding a compensation of Rs. 6,93,640/- along with interest @ 9% p.a. from the date of filing of claim petition. On appeal, the insurance company deposited entire awarded amount with up to date interest in terms of the order dated 18.0.9.2013 passed by this Hon’ble Court before the Registrar General and 80% of the awarded amount has been released.
After comprehensive discussions, ld. Counsel for the appellant on instructions has agreed to withdraw the appeal. Ld. Counsel for respondent has no objection to the said withdrawal. It is agreed between the parties that this is full and final settlement of the subject matter of the award.
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 02:18:43
Learned Counsel for the Insurance Company also submits that the statutory amount with interest, if any, may be refunded to the Insurance Company.
Ld. Counsel for the respondent submits that balance amount lying deposited along with accrued interest be released in favour of respondent/claimants.
In view of the above settlement, the balance amount lying deposited along with accrued interest be released to the respondents/claimants as per proportion of the award, subject to fulfilment of all the requisite formalities. Statutory amount with interest, if any, may 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 02:18:43
UNITED INDIA INSURANCE CO LTD
BEGUMWATI & ORS
DR. SUDHIR KUMAR JAIN
K. VENKATRAMAN
As recorded by the court registry
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