The New India Assurance Co Ltd v. Sharda Devi & ORS

$~18 *

IN THE HIGH COURT OF DELHI AT NEW DELHI

+ MAC.APP. 420/2017 THE NEW INDIA ASSURANCE CO LTD ..... Appellant Through Mr. Kamal Dhingra, Adv.

versus SHARDA DEVI & ORS ..... Respondents Through Mr. Anshuman Bal, Adv.

CORAM:

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

O R D E R

% 09.03.2019 Parties have mutually agreed to resolve the subject matter and thereunder it has been agreed between the parties that the appellant Insurance Company shall be refunded sum of Rs.50,000/- as lump sum amount from the amount deposited before the Punjab National Bank, Gokhale Market, Tis Hazari. Remaining balance amount of 25% which is lying deposited along with the accrued interest shall go to respondent no. 1 & 2 in terms of the award of the learned MACT.

The settlement amount shall be disbursed to the respective parties in terms of the settlement arrived at in consonance with the terms of the award.

The impugned award stands modified to that effect. Consequently, the appeal shall stand disposed of.

The statutory amount deposited for entertainment of the appeal alongwith interest, if any, shall be refunded to the insurance company (A.K. CHAWLA) PRESIDING OFFICER (K. VENKATRAMAN) CO-MEMBER MARCH 09, 2019 rc