Icici Lombard General Insurance Company Ltd. v. Joydeep Sarmah @ Sharma and 4 Ors.
Case brief
What is this about?
This National Lok Adalat record reports the settlement of an insurance claim appeal. The parties agreed to a lump sum payment of Rs. 20.70 lakhs to settle disputes arising from a Motor Accident Claims Tribunal award.
What did the court decide?
Settlement of Rs. 20,70,000; deposit within 45 days; 9% interest on delay; balance amount held in fixed deposit for minor share.