Ms Iffco Tokio General Insurance Co. Ltd. through Its Vice President Saikat Sarkar v. Merry Dungdung
Case brief
What is this about?
The High Court of Jharkhand disposed of two miscellaneous appeals filed by M/s IFFCO TOKIO General Insurance Co. Ltd. against Lok Adalat awards. The Court directed the insurer to pay Rs. 6 lacs in one appeal and Rs. 5 lacs in the other as settled between parties in a virtual Out-of-Court Settlement mechanism. The statutory amounts were directed to be refunded.
What did the court decide?
Directed the Insurance Company to deposit Rs. 6 lacs (MA 85) and Rs. 5 lacs (MA 90) as per Lok Adalat awards; Registrar General to refund statutory amounts within four weeks.