Abu Sahed Alias Abu Sahid v. National Insurance Co. Ltd.
Case brief
What is this about?
The High Court, Indo-Gangetic Plains Bench (Motor Accident Claim Appellate), disposed of the appeal on compromise. The insurer agreed to pay the balance settlement amount within 45 days, failing which interest would accrue. The matter was settled in a National Lok Adalat.
What did the court decide?
The respondent ordered to deposit the remaining settlement amount of Rs. 5,00,000/- within 45 days; upon proof, the appellant's statutory deposit shall be released.