Iffco Tokio General Insurance Company Ltd v. Mohd Fayaz & Ors

ORDER %

30.11.2010 The learned counsel for the parties have amicably resolved the matter. The learned counsel for the appellant states that the appellant Insurance Company is ready and willing to settle the matter with the claimant, the respondentNo.l herein^fora sum of? 3 laldis in all with interestat the rate of

7.5% per annum from the date of filing of the petition till realization. This proposal is acceptable to the counsel for the respondent No.l/claimant. In this view of the matter, the learned counsel for the Insurance Company states that she does not press the other grounds in the appeal and service on the respondent No.2 may be dispensed with. It is ordered accordingly. MAC.APP. 542/2010 Page 1 of2 Certify that the digital and physical file have been compared and the digital data is as per the physical file and no page is missing. A sum of ? 4,02,466/- is stated to be deposited by Ms. Suman Bagga, the learned counsel for the appellantin terms of the order dated 1August, 2010»Out of this amount, a sum of ? 3 lakhs with interest thereon at 7.5% per annumfrom the date of filing of the petitiontill realizationshall be releasedto the respondentNo.l (includingthe amount already released)and the balance shall be refunded to the InsuranceCompany. The statutory deposit shall also be refunded to the appellant. The appealstands disposedof accordingly. ^ U-REVA KHETRAPAL,J NOVEMBER 30,2010 km % MAC.APP. 542/2010 Pase 2 of 2

1-13 * IN THE HIGH COURT OF DELHI AT NEW DELHI + MAC.APP. 542/2010 IFFCO TOKIO GENERAL INSURANCE COMPANY LTD Appellant Through: Ms. Suman Bagga, Advocate versus MOHD FAYAZ & ORS Respondents Through: Mr. Sumit Gupta, Advoate forthe respondent No. 1 CORAM: HON'BLE MS. JUSTICE REVA KHETRAPAL