Sri Nagaraj @ Rajesh v. Royal Sundaram Alliance General Insurance Company Ltd.
Case brief
What is this about?
Motor accident compensation enhancement appeal settled in Lok Adalat; MFA No.7310/2024 (MV) under S.173(1) MV Act against award dated 05.01.2024 in MVC No.852/2019 of I Additional Senior Civil Judge & CJM, Mangaluru (Dakshina Kannada); claimants Nagaraj @ Rajesh and minor daughters Nishmitha and Shanmitha vs Royal Sundaram Alliance General Insurance Company Ltd. (counsel B.Pradeep) and driver Venugopal (claimants' counsel Guruprasad.B.R); joint-memo settlement for additional Rs.9,10,000/- lump sum; six-week deposit with 9% P.A. default interest; appeal disposed, Tribunal award modified; conciliators Justice Rajesh Rai.K and Member Smt. Nalina.K; dated 22.08.2025.
What did the court decide?
By joint memo before the Lok Adalat, the appellants-claimants agreed to receive and the respondent-Insurance Company agreed to pay a lump-sum of Rs.9,10,000/- (Nine Lakh Ten Thousand) in addition to the Tribunal award, in full and final settlement; the amount is to be deposited before the Tribunal within six weeks, failing which it shall carry interest at 9% P.A. from the date of default till deposit; apportionment, deposit and release per the Tribunal's judgment and award; the appeal stands disposed of in terms of the joint memo and the Tribunal's judgment and award stand modified accordingly.