This order records a daily Lok Adalat settlement between appellants and an insurance company, allowing an additional sum as full settlement and disposing of the appeal.
Enhancement of award by Rs. 15,000 allowed; interest at 9% per annum on delayed payment; appeal disposed of.
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DAILY LOK ADALAT
BENCH NO.3
504 FAO NO.5535 OF 2014 PREM CHAND AND ORS. V/S PRABHU RAM AND OTHERS
Present: Mr. SS Nara, Advocate For the appellants.
Mr. Vinod Gupta, Advocate With Mr. Tarsem Chand, Manager New India Ass. Co.
As agreed, as per statements of learned counsel for the appellants as well as counsel for the Insurance Company, separately recorded, a sum of `15,000/- (Rupees Fifteen Thousand Only) over and above the amount already awarded by the Tribunal is allowed to the appellants 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 appellant No.3Balwant Singh through account payee’s cheque or be deposited in his Bank Account.
The appeal is disposed of accordingly.
Copy of this order be supplied to the counsel for parties.
(G.C. GARG) PRESIDENT
(N.K. KAPOOR) MEMBER
August 11, 2016 Naina Rajput
1 issue framed by the court
Determination of settlement amount and final disposal of appeal.
Prem Chand And Ors.
Prabhu Ram And Others
G.C. GARG
N.K. KAPOOR
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
