The Manager Shriram General v. Smt. Akmal Jahan Begum and Ors.
Case brief
What is this about?
Motor vehicle accident compensation; quantum of compensation challenge by insurer; amicable settlement/compromise through joint memos; MACT Kalaburagi MVC No.1367/2012 and MVC No.1368/2012; Section 173(1) MV Act; Shriram General Insurance Company Ltd.; High Court of Karnataka, Kalaburagi Bench (DB); disposal of appeals on settlement; award to be drawn by Registry; deposit transmitted to Tribunal.
What did the court decide?
Both appeals disposed of in terms of the joint memos: the Insurance Company to pay Rs.1,15,00,000 (MFA No.200169/2020) and Rs.32,00,000 (MFA No.200170/2020) as full and final settlement, to be deposited before the Tribunal within six weeks of receipt of the order; any amount deposited before the High Court to be transferred to the Claims Tribunal and any excess refunded to the Insurance Company; Registry to draw the award accordingly.