New India Assurance Co.Ltd. v. Birendra Nath Karan
Case brief
What is this about?
MACA No.543 of 2017; The New India Assurance Co. Ltd. v. Birendra Nath Karan and Gyanendra Kumar Singh; High Court of Orissa at Cuttack; Justice S.K. Sahoo; National Lok Adalat settlement; hybrid mode hearing; consent reduction of motor accident compensation from Rs.1,07,233/- (interest 7% p.a.) to Rs.75,000/- (simple interest 6% p.a. from date of claim application); deposit within two months before 7th M.A.C.T., Bhubaneswar in M.A.C. Case No.18 of 2002; disbursement to claimant-respondent no.1 per ratio in impugned judgment; refund of statutory deposit on proof; no court fee on Lok Adalat settlement; MACA disposed of; order dated 08.03.2025.
What did the court decide?
By consent before the National Lok Adalat, the awarded amount of Rs.1,07,233/- (with 7% interest) was reduced to Rs.75,000/- with simple interest at 6% per annum from the date of claim application; the Insurance Company to deposit the modified amount with interest within two months before the learned 7th M.A.C.T., Bhubaneswar in M.A.C. Case No.18 of 2002; the Tribunal to disburse the entire amount to claimant-respondent no.1 keeping in view the ratio fixed in the impugned judgment; statutory deposit with accrued interest refundable to the Insurance Company on proof of deposit; no court fee leviable from the claimant.