Mr. Muneeswaran v. Shriram General Insurance Co.Ltd.
Case brief
What is this about?
The High Court disposed of a Miscellaneous First Appeal filed under Section 173(1) of the Motor Vehicles Act, 1988, seeking enhancement of compensation awarded by the Motor Accident Claims Tribunal. The appellants (claimants) and Respondent No. 1 (insurance company) filed a joint memo recording an amicable settlement for additional compensation of Rs. 4,50,000. The court accepted the settlement, disposed of the appeal, and directed the insurance company to deposit the amount before the Tribunal within six weeks.
What did the court decide?
Appeal disposed of in terms of settlement; Respondent No. 1 directed to deposit Rs. 4,50,000 before the Tribunal within six weeks; Appellants entitled to release of settled amount per Tribunal award.