Shri Ram General Insurance Company Limited v. Rasathi
Case brief
What is this about?
C.M.A.No.2902 of 2025, Madras High Court, 09.01.2026, 2026:MHC:176; Shri Ram General Insurance Company Limited v. Rasathi, Gandhimathi, Murugan & Sabarimuthu; motor accident compensation appeal under Section 173 Motor Vehicles Act 1988 against award dated 12.06.2024 in M.C.O.P.No.163 of 2023 (MCOP Tribunal, Villupuram) for Rs.31,01,000/-; settlement by Joint Memo; compensation reduced to Rs.29,10,000/-; refund of excess deposit with accrued interest to insurer; consent decree; no costs; C.M.P.No.24609 of 2025 closed.
What did the court decide?
Appeal decreed in terms of the Joint Memo (which forms part of the decree); respondents 1 to 3 to receive Rs.29,10,000/- in full quit satisfaction of the award; balance of the deposit with accrued interest to be returned to the Insurance Company on filing of proper application before the Tribunal; no order as to costs; connected miscellaneous petition closed.