Oriental Insurance Co. Ltd. v. Tanveer Khan & Ors.
Case brief
What is this about?
Delhi High Court National Lok Adalat; MAC.APP. 239/2017; Oriental Insurance Co Ltd vs Tanveer Khan & Ors; order dated 08.03.2025 by Ravinder Dudeja (Presiding Officer) with K. Venkatraman (Co-Member); motor accident claims appeal against MACT award dated 21.12.2016 of Rs. 13,33,905/- with 8% p.a. interest; settlement-based disposal; refund of Rs.1,00,000/- lump sum to insurer; balance with accrued interest released to claimants; statutory pre-deposit refunded; no statute or precedent discussed; consent order.
What did the court decide?
In terms of the settlement: lump sum of Rs.1,00,000/- to be refunded to the insurance company out of the deposited amount; the balance remaining deposited, with accrued interest and after adjusting the refund and the amount already released to the claimants, to be released to the respondents/claimants; statutory pre-deposit with interest, if any, to be refunded to the Insurance Company.