The Managing Director v. G.Jamuna
Case brief
What is this about?
In a settlement reached during a Lok Adalat proceeding, Motor Accident claims Tribunal dispute was resolved to a lump sum of Rs.13,00,000/- paid by the appellant Transport Corporation to the respondents, with specific directions for share distribution and interest calculations, leading to the dismissal of the pending appeal.
What did the court decide?
Appellant directed to deposit Rs.13,00,000/-; appeal dismissed by consent; settlement terms finalized for cheque issuance and minor share investment.