Smt. Syamala @ Shamala v. New India Assurance Company Ltd.
Case brief
What is this about?
Claimants in a fatal road accident appeal sought enhancement of Tribunal compensation against the insurer and driver. Before Lok Adalat the parties settled; insurer agreed to pay Rs. 6,70,000/- additionally in full and final settlement, and the appeal was disposed of on that basis.
What did the court decide?
Enhanced compensation of Rs. 6,70,000/- payable by insurer per joint memo, apportioned as per Tribunal award; minors' shares invested in fixed deposits.