Iffco-Tokio General Insurance Company Ltd, v. K. Kalavathi
Case brief
What is this about?
Writ appeal by an insurance company against a single judge's order was settled: the appellant agreed not to contest the merits and to pay Rs.10 lakh to respondents 1 to 5 as full and final settlement, deposited in fixed deposit in the ratio directed by the single judge. Appeal disposed of without costs.
What did the court decide?
Appellant to pay Rs.10 lakh to respondents 1 to 5 within two weeks as full and final settlement, kept in fixed deposit in the ratio directed by the Single Judge; no costs.