HIGH COURT LEGAL SERVICES COMMITTEE, BENGALURU BEFORE THE LOK ADALAT IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 09TH DAY OF DECEMBER, 2017 CONCILIATORS PRESENT:
THE HON’BLE MR. JUSTICE B. VEERAPPA & SRI M.N. UMASHANKAR, MEMBER M.F.A. No. 7306/2017 (MV) (Lok Adalat No. 6163/2017) BETWEEN The Oriental Ins. Co. Ltd., Regn. Office, 4th Floor, Leo Complex, Residency Road, M.G.Road Cross, Bengaluru – 560 025.
Represented by its Regional Manager. … Appellant (By Sri P.B.Raju, Advocate) AND:
1. Sri Balakrishna Reddy, S/o Late Venkatarama Reddy, Aged about 53 years, R/at No.31, Banashree Nilaya, Muneshwara Layout Main Road, Sarjapura Hobli, Kudlu, Bommanahalli, Bengaluru – 560 068.
2. Sri M.Gopal s/o M.Subba Reddy, Major in age, Neeruducherla [V], Peapully [M], Kurnool District, Andhra Pradesh – 518 222. . . . Respondents (By Smt. Asha A., Advocate for R-1) THIS MFA FILED U/S 173(1) OF MV ACT AGAINST THE JUDGMENT AND AWARD DATED 10.07.2017 PASSED IN MVC NO.4183/2015 ON THE FILE OF THE VIII ADDL. SMALL CAUSES JUDGE AND MACT, BANGALORE.
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 appellant – Oriental Insurance Co. Ltd. along with its representative and the learned Counsel for the respondent – claimant are present.
2. After prolonged negotiations, the matter is settled. The appellant – Insurance Company has agreed to pay and the Respondent No.1 – claimant has agreed to receive a sum of Rs. 15,48,000/- (Rupees Fifteen Lakhs Forty Eight Thousand only), instead of Rs. 16,25,000/- with interest at the rate of 9% p.a. 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 appellant – 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 in terms of the Judgment and Award passed by the Tribunal. The amount if any, deposited before this Court is ordered to be transferred to the jurisdictional Tribunal forthwith.
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