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. 1779/2018 (MV) (Lok Adalat No. 2545/2018) BETWEEN Sri A.S. Vikas, S/o Srinivasa, Aged about 22 years, r/at. Aghalaya Village, Kikkeri Hobli, K.R. Pet Taluk, Mandya District – 571 401.
Presently R/at. Rajugowda M., S/o Kullappa, Srikantanagar, Shravanabelagola Village and Hobli, Channarayapatna Taluk – 562 135. ... Appellant (By Sri K.R. Lingaraju, Advocate) AND 1. Sri C.M. Venugopal, S/o Mahalingegowda, Aged about 44 years, r/at. City Club, near Main Gate, Kuvempunagar, Channarayapatna Town and Taluk – 562 135.
2. National Ins. Co. Ltd., Rep. by Regional Manager, 1st Floor, Manjunatha Complex, Bus Stand Road, Hassan – 573 201. ... Respondents (By Sri A.N. Krishnaswamy, Advocate for R-2) MFA FILED U/S 173(1) OF MV ACT AGAINST THE JUDGMENT AND AWARD DATED 21.10.2017 PASSED IN MVC NO. 779/2016 ON THE FILE OF THE SENIOR CIVIL JUDGE & J.M.F.C., CHANNARAYAPATNA, 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 Appellant/Claimant 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 Appellant/Claimant has agreed to receive and the Respondent - Insurance Company has agreed to pay a global compensation of Rs. 4,00,000/- (Rupees Four 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. Out of the enhanced compensation amount, 50% shall be kept in fixed deposit in any Nationalized / Schedule Bank in the name of the appellant for a period of three years with a liberty to draw the accrued interest periodically. Remaining 50% amount shall be released in favour of the appellant-claimant, on proper identification.
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