Satish @ Jadappagol Satish v. Icici Lombard Gen Ins Co. Ltd.
Case brief
What is this about?
Lok Adalat conciliation settlement; MFA 3435/2021 (MV-I), Lok Adalat No. 6343/2025; enhancement of motor accident compensation; S.173(1) MV Act; MVC 2873/2017; I Addl. Small Causes Judge and MACT Bengaluru (SCCH-11); award dated 29.09.2018; claimant Satish @ Jadappagol Satish; ICICI Lombard Gen Ins. Co. Ltd.; joint memo; additional lumpsum Rs.1,15,000/-; deposit within six weeks; 9% P.A. interest on default; appeal disposed; Tribunal award modified.
What did the court decide?
Enhanced compensation of Rs.1,15,000/- (lumpsum) payable by ICICI Lombard Gen Ins. Co. Ltd. to the claimant in addition to the Tribunal award, in full and final settlement; to be deposited before the Tribunal within six weeks from preparation of award, failing which it carries interest at 9% P.A. from the date of default till deposit; entire enhanced amount to be released to the claimant on proper identification.