M/S Shriram General Insurance Company Limited v. Sahid Ali and 2 Ors

ORDER

09.03.2024 This is an appeal filed by the appellant-Shriram General Insurance Company Ltd. (for short Insurance Company) against the judgment and award dated 11.09.2023 passed by the Motor Accident Claims Tribunal No. 2, Kamrup

(M), Guwahati in MAC Case No. 1833/2020 whereby an amount of Rs.25,44,042/- along with 9% interest per annum, as compensation, was directed to be paid by the appellant-Insurance Company to the claimant-respondent. Shri Rajendra Dutta, Legal Manager of the Insurance Company and the claimant-Shri Sahid Ali along with his counsel, Shri NI Choudhury are present today i.e., 09.03.2024 in the National Lok Adalat. The parties present before this Court jointly submit that the matter has been settled between the parties at a lump sum amount of Rs.24,00,000/-. It is submitted that an amount of Rs. 12,72,021/- has already been deposited by the Insurance Company which has also been withdrawn by the claimant. In view of the above, the appeal stands closed with a direction that the Page No.# 3/3 Insurance Company shall deposit the balance amount of Rs.11,27,979/- being the full and final settlement before the Registry of this Court within a period of 45 days from today. In view of the changed circumstances, the earlier direction towards creation of FDR is modified to the extent that out of the aforesaid amount, the claimant shall open a FD of Rs. 5,00,000/- in his name in any nationalized bank for a period of 5 years. Accordingly, the claimant would be at liberty to withdraw the remaining amount of Rs.6,27,979/- on being properly identified by his learned counsel. The statutory deposit of Rs.25,000/- made by the Insurance Company at the time of filing of the appeal would be refunded to the Insurance Company within a period of 30 days. Send back the LCR, if any.

JUDGE Comparing Assistant

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