The High Court directed the Insurance Company to deposit Rs. 1,20,000 as an enhanced compensation amount for the appellant, failing which 9% interest per annum would apply until payment.
Direction to deposit Rs. 1,20,000 as enhanced compensation with interest if not paid by 10.02.2020.
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Daily Lok Adalat 505 FAO-7685-2015
Bench No.1
Lakhvir Singh Vs. IFFCO TOKIO General Ins. Co. Ltd. and others
Present:Mr. Ankush Singla, Advocate for for the appellant
Mr. Vishal Aggarwal, Advocate for IFFCO TOKIO Gen. Ins. Co. Ltd.
Ms. Asha Rani, Advocate for Mr. Arihant Goyal, Advocate for respondents No.2 and 3.
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Vide order dated 27.11.2019 on the basis of the statement made by learned counsel for the appellant a proposal was made for enhancing compensation by Rs.1,50,000/- over and above the amount already granted by the MACT concerned. Today, learned counsel for the Insurance Company has stated that the Insurance Company has agreed to enhance the compensation only by Rs.1,20,000/- and not by Rs.1,50,000/- and has signed to that effect. Learned counsel for the appellants has agreed to this counter offer of the respondent-Insurance Company.
We dispose of this case with a direction to the Insurance Company to deposit a crossed-cheque in the sum of `1,20,000/- (Rupees One lakh twenty thousand only) in the name of the appellant-Lakhvir Singh son of Sukhdev Singh with the office of the Lok Adalat of the High Court on or before 10.02.2020 failing which the amount will carry 9% interest p.a. From the date of this order till the cheque is deposited with the office of the Lok Adalat. The appellant's counsel/appellant may collect the cheque from the office of the Lok Adalat.
Copy of the order/statement be supplied /sent to the counsel/parties and file be returned to the High Court.
(J.C. Verma) President
(Arvind Kumar) 08.01.2020 Member Atul
Lakhvir Singh
IFFCO TOKIO General Ins. Co. Ltd.
J.C. Verma
Arvind Kumar
As recorded by the court registry
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