Disposed
Legal Manager (T.P.Cell), M/S. New India Assurance Co. Ltd., D.O I v. Bishnu Prasad Barik
Orissa HCFAO/110/2023
Case brief
AI extract
What is this about?
National Lok Adalat order setting an ex-gratia settlement amount of Rs.5.5 lakhs, releasing funds to the claimant while refunding the excess deposit to the appellant Insurance Company without penalty.
What did the court decide?
Commissioner to release Rs.5,50,000 to claimant and refund balance with interest to appellant; 50% penalty and 12% interest waived; no court fee levied.