Motor accident compensation appeal settled before the National Lok Adalat with an additional Rs.5,50,000 over the Tribunal award, payable within four weeks, failing which interest at 9% per annum applies. Appeal disposed of accordingly.
Enhanced compensation of Rs.5,50,000 payable within four weeks, failing which 9% interest until realization.
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NATIONAL LOK ADALAT
IN THE HIGH COURT OF PUNJAB AND HARYANA HIGH COURT AT CHANDIGARH
578 FAO-991-2019 (O&M)
SMT. SUNITA RANI AND ORS
….APPELLANT(S)
V/S
RAJAT AND ANR
….RESPONDENT(S)
Present: Mr. Abhishek Bajaj, Advocate for the appellant(s).
Mr.Vinod Gupta, Advocate for New India Assurance Co. Ltd.
Both the parties have agreed for full and final settlement with the enhanced compensation at Rs.5,50,000/- (Rupees Five Lacs Fifty Thousand Only) over and above the amount awarded by the learned MACT, Kurukshetra.
The enhanced amount is to be credited to the account of the claimant within a period of four weeks from today. The claimant has undertaken to provide the bank details enabling the respondent-Insurance Company to credit the amount through RTGS within a week.
In case the appellant/claimant fails to provide the bank details for the purpose of transfer of amount so enhanced here-in-above, the insurance company will be at liberty to issue demand draft against the said amount.
It is further made clear that in case the insurance company fails to deposit the amount of enhanced compensation within the stipulated period
MAMTA 2024.12.20 13:27 I attest to the accuracy and integrity of this order/judgment
FAO-991-2019 (O&M)
-2-
of four weeks, it shall carry interest @ 9% per annum from the date it
became due till the date of its realization.
The present appeal is disposed of in the aforesaid terms.
A copy of this order be supplied to the respective counsel for
the parties and file be returned to the High Court.
(SANDEEP MOUDGIL) PRESIDENT
(ASHOK KUMAR AGGARWAL) MEMBER
14.12.2024 M.Sikka
MAMTA 2024.12.20 13:27 I attest to the accuracy and integrity of this order/judgment
1 issue framed by the court
Whether the appeal could be settled by enhanced compensation agreed between the parties.
Smt. Sunita Rani and Ors
Rajat
New India Assurance Co. Ltd.
Sandeep Moudgil
Ashok Kumar Aggarwal
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
