HIGH COURT LEGAL SERVICES COMMITTEE, BENGALURU BEFORE THE LOK ADALATH 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 AND SMT. MANJULA N. TEJASWI, MEMBER M.F.A. No. 2121/2017 (MV) (Lok Adalat No. 4463/2017) BETWEEN:
Sri. Syed Ahamed S/o Bashasab, Aged about 27 years, R/at Park Mohalla, Sira Town, Tumkur District-572 135. .. Appellant (By Sri. V.B. Siddaramaiah, Advocate) AND:
1. The New India Assurance Company Ltd., Branch Office, 1st Floor, Opp. Shriram Mandira Temple, 1st Floor, Bar Line, K.R. Extension, General Kariyappa Road, Tumkur – 572 101, Rep. by its Branch Manager.
2. Sri. Syed Jeelani S/o Late Syed Nade Ali, Aged about 52 years, R/at J.K. Traders, Hospital Road, Opp. Amanath Bank, Molakalmuru – 577 535, Chitradurga District. .. Respondents (By Sri. B.C. Seetharama Rao, Advocate for R-1, Notice to R-2– d/w v.c.o. dated 26.10.2017) THIS MFA IS FILED U/S 173(1) OF MV ACT AGAINST THE JUDGMENT AND AWARD DATED: 20.10.2016 PASSED IN M.V.C. NO.996/2015 ON THE FILE OF THE SENIOR CIVIL JUDGE AND ADDL. MACT, SIRA, PARTLY ALLOWING THE CLAIM PETITION FOR COMPENSATION AND SEEKING ENHANCEMENT OF COMPENSATION.
THIS APPEAL COMING ON FOR CONCILIATION BEFORE LOK ADALATH, AFTER BEING REFERRED BY THE COURT, THE FOLLOWING CONCILIATION ORDER IS PASSED.
CONCILIATION ORDER The learned Counsel for the appellant and the representative of Respondent – New India Assurance Company Ltd., along with its counsel 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 compensation of Rs. 1,15,000/- (Rupees One Lakh Fifteen 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. The deposit and release of the enhanced compensation amount shall be made in terms of the Judgment and Award passed by the Tribunal.
5. The Miscellaneous First Appeal stands disposed of in terms of the Joint Memo. The award of the Tribunal shall stand modified accordingly.
Draw up the award accordingly.
Sd/- JUDGE Sd/- MEMBER *Rbv