M/S United India Insurance Company Ltd v. Bharati Hazarika and 3 Ors B

ORDER

14.09.2024 This is an appeal filed by the appellant-United India Insurance Company Ltd. (for short Insurance Company) against the judgment and award dated

30.09.2023 passed by the Learned Member, Motor Accident Claims Tribunal No. 1, Kamrup (M) in MAC Case No. 2161/2017.

¶2Shri A. Munin Choudhury, Regional Manager of the Insurance Company and the claimant no. 1 – Bharati Hazarika (wife) and the claimant no. 2 – Kaustabhmoni Hazarika (son) along with their learned counsel, Shri B. Baishya are present today i.e., 14.09.2024 in the National Lok Adalat.

¶3The parties present before this Court jointly submit that the matter has been settled between the parties and a lump sum amount of Rs.99,70,000/- has been agreed upon.

¶4In view of the above, the appeal stands closed with a direction that the Insurance Company shall deposit the aforesaid amount of Rs.99,70,000/- being the full and final settlement before the Motor Accident Claims Tribunal No. 1, Kamrup within a period of 45 days from today.

¶5The manner of release of the aforesaid amount would be in the following Page No.# 3/3 terms:

i) Out of the aforesaid awarded amount of Rs.99,70,000/-, Rs.59,70,000/- is directed to be released to the claimant no. 1 – Bharati Hazarika (wife) and an amount of Rs.20,00,000/- each is directed to be deposited in a Fixed Deposit scheme in the names of claimant no. 1 – Bharati Hazarika (wife) and the claimant no. 2 – Kaustabhmoni Hazarika (son) in any nationalized bank for a period of 3 years.

¶6The claimant no. 1 would be at liberty to withdraw the aforesaid amount on being properly identified by her learned counsel.

¶7The 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. JUDGE Comparing Assistant

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