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National Ins Co Ltd And Others

High Court Of Karnataka|09 March, 2019
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JUDGMENT / ORDER

HIGH COURT LEGAL SERVICES COMMITTEE, BENGALURU BEFORE THE LOK ADALAT IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 09TH DAY OF MARCH, 2019 CONCILIATORS PRESENT:
THE HON’BLE MR. JUSTICE K.N. PHANEENDRA & SRI ARVIND KAMATH, MEMBER M.F.A.No. 7786/2017 (MV) (Lok Adalat No. 1841/2018) BETWEEN 1. Puttalakshmamma, W/o Late N. Mohan, Now aged about 37 years, 2. Tejaswini d/o Late N. Mohan, Now aged about 20 years, 3. Rangamma, major, W/o Ningaiah, All are r/o. A.B. Nagara, Near AKLPS School, Konanuru, Arkalgud Taluk, Hassan District. ... Appellants (By Sri Raghu R., Advocate) AND 1. National Ins. Co. Ltd., Manjunatheshwara Complex, Bus Stand Road, Hassan – 573 130.
2. H.V. Ravikumar, S/o Venkatappa, MEG-23, Housing Board, Holenarasipura Town, Hassan District – 573 130. ... Respondents (By Sri B.C. Seetharamarao, Advocate for R-1, Notice to R.2-d/w. v/o. dated 10.10.2018) MFA FILED U/S 173(1) OF MV ACT AGAINST THE JUDGMENT AND AWARD DATED 27.10.2016 PASSED IN MVC NO. 743/2015 ON THE FILE OF THE SENIOR CIVIL JUDGE & MEMBER-M.A.C.T., ARKALGUD, PARTLY ALLOWING THE CLAIM PETITION FOR COMPENSATION AND SEEKING ENHANCEMENT OF COMPENSATION.
THIS APPEAL COMING ON FOR CONCILIATION BEFORE LOK ADALAT, AFTER BEING REFERRED BY THE COURT, THE FOLLOWING CONCILIATION ORDER IS PASSED.
CONCILIATION ORDER The learned Counsel for the Appellants/Claimants and the learned Counsel for the Respondent – National Insurance Co. Ltd. along with its representative are present.
2. After prolonged negotiations, the matter is settled. The Appellants/Claimants have agreed to receive and the Respondent - Insurance Company has agreed to pay a lump-sum of Rs. 8,00,000/- (Rupees Eight lakh only), in addition to what has been awarded by the Tribunal, in full and final settlement of the claim. A joint Memo is filed on behalf of the parties to this effect.
3. The Respondent – Insurance Company has agreed to deposit the said amount before the Tribunal within six weeks from the date of preparation of award, failing which the said amount shall carry interest at the rate of 9% P.A. from the date of default, till the date of deposit.
4. The apportionment, deposit and release of the enhanced compensation amount shall be made as per the ratio adopted by the claims Tribunal.
5. This Miscellaneous First Appeal stands disposed of in terms of the Joint memo. The Judgment and Award of the Tribunal shall stand modified accordingly. Draw up the Award accordingly.
Sd/- JUDGE Sd/- MEMBER Mkm
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Title

National Ins Co Ltd And Others

Court

High Court Of Karnataka

JudgmentDate
09 March, 2019
Judges
  • Sri Arvind Kamath
  • K N Phaneendra