Monika & ANR v. Moolchand & ORS (M/S New India Assurnace Co Ltd)

$~4 * IN THE HIGH COURT OF DELHI AT NEW DELHI + MAC.APP. 300/2018 MONIKA & ANR ..... Appellants Through Mr. S.N. Parashar, Adv.

versus MOOLCHAND & ORS (M/S NEW INDIA ASSURNACE CO LTD) ..... Respondent Through Mr. J.P.N. Sahi, Adv. with Mr.Neeraj Kumar, Asst. Manager, Insurance Co.

CORAM:

HON'BLE MR. JUSTICE A. K. CHAWLA MR. K. VENKATRAMAN (CO-MEMBER)

O R D E R

% 22.04.2018 Parties have mutually agreed to resolve the subject matter and thereunder, the respondent Insurance Company has agreed to pay a sum of `3,40,000/- (Rupees Three Lakhs Forty Thousand only) over and above the amounts payable in terms of the impugned award. Such additional sum of `3,40,000/- shall be deposited by the Insurance Company with DHSLSC within 03 weeks, failing which it shall carry an interest @ 12% p.a. A sum of `2,00,000/- (Rupees Two Lacs only) shall be released to claimants in equal proportion and the remaining amount shall be kept in fixed deposit in consonance with the impugned award. The impugned award stands modified accordingly. (A.K. CHAWLA) PRESIDING OFFICER (K. VENKATRAMAN) CO-MEMBER APRIL 22, 2018/rc