Icici Lombard General Insurance Company Ltd., v. Bollaram Sailoo and Another
Case brief
What is this about?
Telangana High Court MACMA No.2394 of 2016 - ICICI Lombard General Insurance Co. Ltd. v. Bollaram Sailoo & Chakali Chinnulu; decided 21.02.2025 (M.G. Priyadarsini J.); disposed in terms of Lok Adalat Award dated 14.12.2024; appeal under Section 173 Motor Vehicles Act against MACT-cum-Additional District Judge Nizamabad award in O.P.No.75 of 2010 dated 07.12.2015 (Rs.3,66,000/- with costs and interest @7.5% p.a.); settlement enhanced to Rs.3,89,674/- over and above amount already deposited; Legal Services Authorities Act, 1987 (Central Act); Lok Adalat settlement; no issues framed, no precedents cited - cite only for settlement/procedural purposes, not for any legal proposition.
What did the court decide?
Appeal disposed of in terms of the Lok Adalat Award dated 14.12.2024 with no order as to costs; insurance company to pay the settled amount of Rs.3,89,674/- (in addition to the amount already deposited) within one month of receipt of copy of the Award, failing which the claim petitioner is entitled to interest as awarded by the Tribunal; appellant entitled to refund of court fee; amount already deposited, if any, to be given credit; claim petitioner permitted to withdraw the entire amount after deposit; pending miscellaneous applications stand closed.