Shri Ram General Insurance Co Ltd v. Sumitra & ORS

$~1 * IN THE HIGH COURT OF DELHI AT NEW DELHI NATIONAL LOK ADALAT + MAC.APP. 755/2015 SHRI RAM GENERAL INSURANCE CO LTD ..... Appellant Through:

Mr. Sameer Nandwani, Advocate.

& Mr. Navneet Goyal, Adv.

versus SUMITRA & ORS.

.... RespondentS Through:

Mr. S.N.Parashar, Adv. R-1 to 6 CORAM: NATIONAL LOK ADALAT HON'BLE MR. JUSTICE RAVINDER DUDEJA MR. K. VENKATRAMAN, ADVOCATE (CO-MEMBER)

O R D E R

% 08.03.2025 Appellant insurance company has filed an appeal for reduction of the award dated 26.05.2015 passed by the Learned MACT, awarding a compensation of Rs. 22,61,250/- along with interest @ 9% p.a. from the date of filing of claim petition. On appeal, the insurance company deposited entire awarded amount with up to date interest in terms of the order dated 05.10.2015 passed by this Hon'ble Court, before the Registrar General of this Court and 50% of the awarded amount was directed to be released to the respondent/ Claimant(s). We have interacted with the learned Counsel/parties concerned. Apropos such interaction and due deliberation, it is agreed between the parties that out of the awarded amount along with accrued total interest, a principal amount of Rs.1.86,000/- along with interest @ 9% per annum from the date of claim petition till the date of deposit and The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 12/03/2025 at 11:48:21

thereafter at an accrued rate be refunded to the insurance company and balance of the awarded amount in terms of the settlement along with accrued interest after adjusting the amount to be refunded to the insurance company and after adjusting the amount already released to the claimants, shall go to the respondents/claimants. In view of the above settlement, Registrar General is directed that a principal amount of Rs.1,86,000/- along with interest @ 9% per annum from the date of claim petition till the date of deposit and thereafter at an accrued rate be refunded to the insurance company. The balance amount remaining deposited with the Registrar General in terms of the settlement shall be released to the respondents/claimants in terms of the award of the Tribunal.

The statutory amount deposited as a pre-condition for filing appeal with interest, if any, be refunded to the Insurance Company. The present appeal alongwith the pending application(s), if any, is disposed of with directions in terms of the foregoing settlement. A copy of this order be sent to concerned Ld. Tribunal with LCR, if requisitioned and received.

(RAVINDER DUDEJA) PRESIDING OFFICER K. VENKATRAMAN CO-MEMBER MARCH 08, 2025/ib The authenticity of the order can be re-verified from Delhi High Court Order Portal by scanning the QR code shown above. The Order is downloaded from the DHC Server on 12/03/2025 at 11:48:21