Though this matter was listed for orders today, on consent of the learned counsel for t
he parties, the same is taken up for final disposal.
Heard learned counsel for the parties.
This appeal by the appellant-Insurance Company is directed against the judgment/award d
ated 13.5.2015, passed by the learned Motor Accident Claims Tribunal, Jharsuguda, in MACT Case
No.21 of 2014, awarding an amount of Rs.13,40,000/- as compensation along with interest @ 7.5
% per annum from the date of filing of the claim application i.e. 18.3.2014, till payment.
Considering the submissions made and keeping in view the quantum of compensation amount
awarded and the basis on which the same has been arrived at, I feel, the interest of justice
would be best served, if the awarded compensation amount of Rs.13,40,000/- is modified and red
uced to Rs.11,25,000/-(rupees Eleven Lakhs Twenty-five Thousand), which is payable to the clai
mants along with the awarded interest. The impugned award is modified to the said extent.
The appellant-Insurance Company is directed to deposit the modified compensation amount
of Rs.11,25,000/-along with the awarded interest with the learned Tribunal within six weeks h
ence. On deposit of the amount, the same shall be disbursed to the claimants proportionately,
as per the direction of the learned Tribunal given in the impugned award.
The statutory amount deposited in the Registry of this Court along with the accrued int
erest thereon shall be refunded to the appellant-Insurance Company, on production of receipt s
howing deposit of the modified compensation amount and interest with the Tribunal.
MACA is accordingly disposed of.
Issue urgent certified copy as per rules.
