M/S New India Assurance Co. Ltd v. Smti Padmini Das and 2 Ors,

Page No.# 1/3 GAHC010028462017

THE GAUHATI HIGH COURT (HIGH COURT OF ASSAM, NAGALAND, MIZORAM AND ARUNACHAL PRADESH) Case No. : I.A.(Civil)/2181/2017 M/S NEW INDIA ASSURANCE CO. LTD. HAVING ITS REGISTERED OFFICE AT NEW ASSURANCE BUILDING 87 MAHATMA GANDHI ROAD, MUMBAI AND ONE OF THE REGIONAL OFFICE AT G.S. ROAD, BHANGAGARH AND GUWAHATI. VERSUS SMTI PADMINI DAS and 2 ORS, W/O LATE JAGMOHAN DAS, C/O SRI GAJEN DAS, R/O NEW GUWAHATI, NEAR GANESH MANDIR, DIST. KAMRUP M, ASSAM. 2:NARAYAN TEWARI S/O LATE CHANDIKA TEWARI R/O NARENGI TINIALI NOONMATI GUWAHATI DIST. KAMRUP(M) ASSAM. 3:RANJAN SAYA S/O LATE SUMAN SAYA R/O CHANDRAPUR DIST. KAMRUP M ASSAM Advocate for the Petitioner : MR.K BHATTA Advocate for the Respondent : MR.H GOGOIR-1 Linked Case : M/S NEW INDIA ASSURANCE CO. LTD VERSUS SMTI PADMINI DAS and 2 ORS ------------ Advocate for : MS.L SHARMA Advocate for : appearing for SMTI PADMINI DAS and 2 ORS

Page No.# 2/3 BEFORE HONOURABLE MR. JUSTICE N. UNNI KRISHNAN NAIR Name of the conciliators:

¶1Ms. Chandana Patowary

¶2Ms. Gita Kakati Das (O R D E R) Date : 11.05.2024

The case is put up before the National Lok Adalat.

The matter is amicably settled between the parties.

The applicant New India Assurance Company Limited, represented by Mr. Suman Das, Assistant Manager; and Smt. Padmini Das, Opposite Party/claimant, are present before the Court today.

It is submitted by both the claimant and the Insurance Company's representatives that this matter is settled between the parties at an amount of Rs. 6,00,000/- inclusive of all components. This amount will be received by the claimant as a full and final settlement of her claim.

The Insurance company will deposit an amount of Rs. 6,00,000/- within a period of 45 days from today before the Registry of the Gauhati High Court. Failure to deposit the above-mentioned amount within the stipulated time by the New India Assurance Company Limited, the above amount would carry an interest at the rate of 7% from the date of filing of the claim petition before the learned Tribunal. Page No.# 3/3 Out of the amount of Rs. 6,00,000/-; an amount of Rs. 3,00,000/- shall be kept as a fixed deposit in the name of the claimant, herein, by also assigning a person to be nominated by the claimant as her nominee for the same, before a nationalized Bank at least for a period of 3 years. The claimant, herein, will be entitled to withdraw the balance amount from the Registry upon furnishing of adequate documents for identification and particulars of her Bank account.

Statutory deposit, if any, made by the Insurance Company being not a part of the amount so settled today; the same may be released to the Insurance Company on an application made by it in this connection.

The interlocutory application accordingly stands disposed of in terms of the amicable settlement reached between the parties.

The compromise format signed by the parties is kept on record. LCRs, if any, be remitted to the concerned Tribunal.

JUDGE Comparing Assistant