National Lok Adalat ordered final settlement of Rs. 8,25,000 in insurance claim dispute, mandating credit within four weeks with interest on delay and liberty to issue demand draft if details not provided.
Settled claim for Rs. 8,25,000; payment within four weeks with 9% interest on delay; demand draft liberty if bank details not provided.
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NATIONAL LOK ADALAT IN THE HIGH COURT OF PUNJAB AND HARYANA HIGH COURT AT CHANDIGARH
646 FAO-1116-2023(O&M) RASHID A ND ANOTHER …APPELLANTS Vs. ASHOK K U MAR AND OTHERS ……RESPONDENTS
Present: Mr. Rajesh Lamba, Advocat e for the appellants.
Mr. P.H.S. Pannu, Advocate for Insurance-Company. *** * * ***
Both the parties have agre e d for full and final settlemen t of Rs.8,2 5 ,000/- (Rupees Eight Lac T w enty Five Thousand) inclusiv e the amou n t awarded by the learned MA C T, Palwal.
The remaining amount is t o be credited to the account o f the claim a nts within a period of four w e eks from today. The claimant s have und e rtaken to provide the bank d e tails enabling the respondent - Insuranc e Company to credit the am o unt through RTGS within a week.
In case the appellants/clai m ants fail to provide the ban k details fo r the purpose of transfer of a mount so enhanced here-in - above, th e insurance company will be a t liberty to issue demand draf t against t h e said amount.
It is further made clear that in case the insuranc e company f ails to deposit the amount of e nhanced compensation withi n the stipu l ated period of four weeks, it shall carry interest @ 9% pe r annum fr o m the date it became due till t he date of its realization. The present appeal is dispo s ed of in the aforesaid terms. A copy of this order be sup p lied to the respective counse l for the pa r ties and file be returned to th e High Court.
(SANDEEP MOUDGIL) PRESIDENT
(ASHOK KUMAR AGGARWAL) MEMBER
14.12.2024
Joyti Rani
JOYTI RANI 2024.12.20 11:52 I attest to the accuracy and integrity of this document
Rashid and Another
Ashok Kumar and Others
Sandeep Moudgil
Ashok Kumar Aggarwal
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
