Daily Lok Adalat order settling an appeal. The court allowed an additional settlement of INR 90,000 over the Tribunal's award, with a two-month payment deadline.
Additional sum of 90,000 INR allowed for full and final settlement; 2 months payment time granted; 9% interest on delay.
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DAILY LOK ADALAT
BENCH NO.3
503 FAO No. 1534 of 2014 RAM CHANDER V/S KRISHAN RAM & ORS.
Present: Mr.Rakesh Bakshi, Advocate for the appellant.
Mr.Naveen Chopra, Advocate with Mr. Sunil Singh, Asstt. Manager Legal And Mr. Darshan Lal, Manager National Ins. Co.
The matter has been discussed today in detail with the learned counsel for the parties and they have arrived at a settlement.
As agreed, as per statements of learned counsel for the appellant as well as counsel for the Insurance Company, separately recorded, a sum of ` 90,000/- (Rupees Ninety Thousand Only) over and above the amount already awarded by the Tribunal is allowed to the appellant in full and final settlement of their claim. Two months’ time is allowed to the Insurance Company to deposit the amount with the MACT, Ambala, failing which, interest at the rate of 9% per annum shall follow on this amount till payment from the date of this order. As desired by the appellants, the enhanced amount be paid to the appellant-Ram Chander through account payee’s cheque or be deposited in his Bank Account.
Appeal stands disposed of.
Copy of this order be supplied/sent to the counsel/parties and file be consigned to record.
(G.C. GARG) PRESIDENT
(N.K. KAPOOR) MEMBER
August 29, 2016
naresh k.
NARESH 2016.08.30 11:09 I attest to the accuracy and integrity of this document
RAM CHANDER
KRISHAN RAM & ORS.
G.C. GARG
N.K. KAPOOR
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
