Reliance General Insurance Company Limited v. S.Naresh @ Nareshkumar

HIGH COURT LEGAL SERVICES COMMITTEE, CHENNAI National Lok Adalat organised by the High Court Legal Services Committee Saturday, the 08th day of June 2024 LOK ADALAT AWARD (Chapter VI and u/s 21 of Legal Services Authorities Act, 1987) Presided over by The Hon'ble Mrs.JUSTICE K.GOVINDARAJAN THILAKAVADI and Members Mr.M.Sambasivam District Judge (Retd.) Mr.K.Ethirajalu Advocate C.M.A.No.1916 of 2022 (Appeal against the judgment and decree passed on 15.04.2021 made in M.C.O.P.No.6618 of 2015 on the file of the Motor Accident claims Tribunal/VI Court of Small Causes, Chennai M/s. Reliance General Insurance Company Limited, 3rd floor, 29, North Usman Road, T. Nagar, Chennai 600 017 .. Appellant Vs.

1. S.Naresh @ Nareshkumar

2. S.N.Karthik .. Respondents This case came up for settlement before the National Lok Adalat. Both the parties are present. The learned counsel for the appellant Mr.P.Suresh Srinivasan and Ms.S.Alagammai, learned counsel for the 1st

respondent are present. After mutual discussion, negotiation, mediation and conciliation between both parties, they arrived at a compromise to settle the matter as follows:

TERMS OF SETTLEMENT Both the parties and their respective counsel are present.

2. The Tribunal has awarded a sum of Rs.12,11,000/- (Rupees Twelve Lakhs Eleven Thousand only) with interest at 7.5% p.a. from the date of petition till the date of deposit as compensation.

3. After due deliberation and consultation, both the parties have agreed to an additional amount of Rs.2,00,000/- (Rupees Two Lakhs only) with full quit along with the amount already deposited in the Tribunal and the same is awarded accordingly.

4. The Tribunal has awarded Rs.12,11,000/- and the Insurance Company/appellant has deposited Rs.9,13,828/- with accrued interest. Now the claimant has agreed to settle for an amount of Rs.2,00,000/- along with accrued interest in the deposited amount and the deposit amount.

5. The appellant is directed to deposit the additionl amount of Rs.2,00,000/-, within a period of eight weeks from the date of receipt of a copy of this order. Award is passed accordingly.

6. The Tribunal is directed to issue the award amount through NEFT/RTGS to the party concerned on proper identification in accordance with the terms of the award, without insisting on any formal permission petition.

7.The appeal is ordered accordingly. Consequently, the connected MP, if any, is closed.

M/s. Reliance General Insurance Company Limited, 3rd floor, 29, North Usman Road, T. Nagar, Chennai 600 017 Counsel for the appellant

1. S.Naresh @ Nareshkumar Counsel for the 1st respondent

2. S.N.Karthik This National Lok Adalat award is passed in terms of the above settlement.

The Court fee paid shall be refunded to the parties in the manner provided under the Court Fees Act, 1870 as provided for under sub Sec.1 of Section 21 r/w 25 of LSA Act 1987 as amended in 1994. Judge Member Member To The parties/Advocate concerned

K.GOVINDARAJAN THILAKAVADI, J.

Dpq/mac Copy to:

1. The Motor Accident claims Tribunal/VI Court of Small Causes, Chennai 2.The Secretary, High Court Legal Services Committee, Chennai. 3.The Section Officer, V.R.Section, High Court, Madras. 4.The Section Officer, Lok Adalat Section, High Court, Madras. C.M.A.No.1916 of 2022 08.06.2024