Divisional Manager,M/S. Oriental Insurance Company Ltd. v. S.K. Reyasat

IN THE HIGH COURT OF ORISSA AT CUTTACK

MACA No.289 of 2021 Divisional Manager, M/s. Oriental Insurance Co. Ltd.

....

Appellant Mr. P.K. Mohanty, Advocate -versusSk. Reyasat and others ....

Respondents Mr. B. B. Singh, Advocate for Respondent No.1

CORAM:

JUSTICE B. P. ROUTRAY

ORDER

12.03.2022 Order No.

02.

1. This matter is taken up in the 1st National Lok Adalat in presence of the Advocates/representatives of both the AppellantInsurance Company and Respondent No.1-claimant through Hybrid Mode.

2. On the basis of the compromise made between the parties, the compensation amount is modified and reduced to a sum of Rs.5,00,000/- (Rupees Five Lakhs) along with interest @6% per annum from the date of filing of the claim application.

3. The Insurance Company is directed to deposit the modified awarded amount before the learned Tribunal within a period of two months which shall be disbursed to the claimants on such terms and proportion to be decided by the Tribunal.

4. On deposit of the modified award amount before the learned Tribunal and filing of a receipt evincing the deposit before this

Court with a refund application, the statutory deposit made before this Court with accrued interest thereon shall be refunded to the Appellant-Insurance Company. Also 50% of the award amount which was deposited before the Tribunal as per the direction of this Court be refunded to the Insurer-Appellant with accrued interest thereon, if any.

5. The appeal is disposed of.

6. The appeal having been disposed of in the Lok Adalat, no Court fee is payable.

( B.P. Routray, J.) National Lok Adalat BKB/CRB