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.SREENIVASE GOWDA & SMT. MANJULA N. TEJASWI, MEMBER M.F.A.No. 9178/2011 (Lok Adalat No.4811/2017) BETWEEN SRI. RAMACHANDRA S/O MUNIVENKATEGOWDA, AGED ABOUT 32 YEARS, R/AT NO.126, PAPPURANNAGALLI, HOSUR BAGILU, ANEKAL TALUK, BANGALORE URBAN DIST.
... APPELLANT (By SMT. BHUSHANI KUMAR, ADV.) AND 1. THE MANAGER NEW INDIA ASSURANCE CO. LTD., “INDOCEM HOUSE”
II FLOOR, NO.327/5, NEXT TO BHEL FACTORY, MYSORE ROAD, BANGALORE-560 039.
2. SMT. GAYATHRI, W/O SHIVASHANKAR, NO.43, 3RD CROSS, SAMEERPURA, K.G.NAGAR, BANGALORE-560 019.
... RESPONDENTS (By SRI. D.S. SRIDHAR, ADV. FOR R1;
R2 SERVED ) THIS MFA IS FILED U/S 173(1) OF MV ACT AGAINST THE JUDGMENT AND AWARD DATED:20.06.2011 PASSED IN MVC NO.4357/2010 ON THE FILE OF THE VI ADDITIONAL JUDGE, MACT, COURT OF SMALL CAUSES, BENGALURU, PARTLY ALLOWING THE CLAIM PETITION FOR COMPENSATION AND SEEKING ENHANCEMENT OF COMPENSATION.
THE APPEAL BEING REFERRED TO LOK ADALAT, COMING ON FOR CONCILIATION, THIS DAY, THE LOK ADALAT PASSED THE FOLLOWING:
CONCILIATION ORDER The learned counsel for the claimant-appellant and the learned counsel for the Insurance Company 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 lump- sum of Rs.3,12,000/- (Rupees Three Lakhs Twelve Thousand 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, 50% with proportionate interest shall be kept in fixed deposit in the name of the appellant in any nationalized bank for a period of 3 years with a liberty to draw the accrued interest periodically. The balance 50% with proportionate interest shall be released in favour of the appellant.
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 PMR