M/S.United India Insurance Company Limited v. C.Murugan
Case brief
What is this about?
The appellant insurance company appealed against a Motor Accident Claims Tribunal award. Before the National Lok Adalat, the parties agreed to a full and final settlement of Rs. 14,38,360/-. The Lok Adalat directed the appellant to deposit the balance amount within eight weeks, and the appeal was disposed of accordingly.
What did the court decide?
Full and final settlement of Rs. 14,38,360/- with interest at 7.5% per annum. Balance deposit directed within 8 weeks.