Smt Shobha v. Royal Sundaram General Insurance Company Ltd.
Case brief
What is this about?
Lok Adalat settlement of motor accident compensation enhancement appeal. Keywords: National Lok Adalat; High Court of Karnataka; M.F.A. 3323/2021 (MV); Lok Adalat No.1709/2024; Section 173(1) MV Act; MACT Bengaluru (SCCH-18); MVC No.743/2019; enhancement of compensation; joint memo; lump-sum Rs.1,50,000/- additional award; default interest 9% p.a.; deposit within six weeks; appellant Shobha w/o Siddaraju; respondents Royal Sundaram General Insurance Co. Ltd., Shivamadha V, Bajaj Allianz General Insurance Co. Ltd., Yogesh C; counsel Girimallaiah (appellant), B. Pradeep (R3); conciliators Justice Lalitha Kanneganti and Smt. D. Sudha; disposed in terms of joint memo; Tribunal judgment and award modified.
What did the court decide?
By joint memo, the respondent-Insurance Company agreed to pay the appellant-claimant a lump-sum of Rs.1,50,000/- in addition to the amount awarded by the Tribunal, in full and final settlement; the amount to be deposited before the Tribunal within six weeks from the date of preparation of award, failing which it carries interest at 9% p.a. from the date of default till deposit; the entire enhanced compensation to be released to the appellant/claimant on proper identification; the appeal stands disposed of in terms of the joint memo and the Tribunal's judgment and award stand modified accordingly.