Chander Prakash & ANR v. Pankaj & ANR ( Iffco Tokio General Insurance Co Ltd)

$~15 * IN THE HIGH COURT OF DELHI AT NEW DELHI + MAC.APP. 648/2016 CHANDER PRAKASH & ANR ..... Appellants Through Mr. Manish Maini, proxy counsel for Mr. S.K. Vashishta, Advocate.

versus PANKAJ & ANR (IFFCO TOKIO GENERAL INSURANCE CO LTD) ..... Respondent Through Mr. Vikas Bhadaria, proxy counsel for the respondent-insurance company.

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 `5,00,000/- (Rupees Five Lakhs only) over and above the amounts payable in terms of the impugned award. Such additional sum of `5,00,000/- shall be deposited by the Insurance Company with DHCLSC within 03 weeks, failing which it shall carry interest @ 12% p.a. Additional sum so deposited shall be proportionately paid towards the claim of the claimants in consonance with the terms of the impugned award. The impugned award stands modified accordingly.

(A.K. CHAWLA) PRESIDING OFFICER (K. VENKATRAMAN) CO-MEMBER APRIL 22, 2018/rc