Nihal Chand and Anr. v. Oriental Insurance Co. Ltd. & Anr.
Case brief
What is this about?
Delhi High Court National Lok Adalat settlement order dated 08.03.2025 in MAC.APP.-274/2018 (with MAC.APP. 498/2017); appellants Nihal Chand and Anr (counsel Navneet Goyal); respondents Oriental Insurance Co Ltd & Anr (counsel A.K.Soni, Pavan Kumar Vashisth, Akarsh Deepak); enhancement of MACT award dated 06.04.2017 (Rs. 10,70,000/- plus 9% p.a. interest from date of DAR); negotiated enhanced lump sum compensation of Rs. 8,00,000/- as full and final settlement; deposit within six weeks with 9% p.a. interest on delayed deposit; release as per proportions of award; appeal disposed of with directions in terms of settlement.
What did the court decide?
Lump sum enhanced compensation of Rs. 8,00,000/- over and above the Tribunal award as full and final compensation; insurer to deposit the same with the concerned Tribunal within six weeks (failing which 9% p.a. interest on the delayed deposit), to be released to the appellants as per the proportions of the award subject to requisite formalities; appeal and pending application(s) disposed of in terms of the settlement.