Oriental Insurance Company Ltd v. Basanti Rai and 4 Ors

ORDER Date : 14.12.2024

Mr. R. Pathak, Deputy Manager, Oriental Insurance Co. Ltd. is present.

¶2Smti. Basant Rai, respondent no.1, Sri Pappu Rai, respondent no.2, and Sri Bitu Rai, respondent no.3, along with Mr. R.D. Bhuyan, their learned counsel are present.

¶3After negotiated settlement, the parties have agreed for a total settlement amount of Rs.12,00,000/- (Rupees twelve lakh only) as full and final settlement of all the claims of the respondent nos. 1 to 3 against the judgment and award dated 16.02.2024, passed by the learned Member, Motor Accident Claims Tribunal No.2, Kamrup (M), Guwahati in MAC Case No. 2301/2017. Page No.# 3/3

¶4Accordingly, the matter is settled on compromise in terms of the pre-settlement/compromise slip for the National Lok Adalat, which is made as a part of record.

¶5Both the parties shall put their signature in the pre-settlement compromise slip as token of acceptance for the settlement.

¶6Accordingly, the Oriental Insurance Co. Ltd./ appellant shall deposit the settlement amount of Rs.12,00,000/- (Rupees twelve lakh only) in favour of the respondent nos. 1 to 3 before the Motor Accident Claims Tribunal No.2, Kamrup (M), Guwahati within a period of 30 (thirty) days from the date of the this settlement order, failing which the amount shall carry interest @ 9% per annum till the date of deposit.

¶7On such deposit being made, out of the settlement amount, Rs.3,00,000/- (Rupees three lakh only) be kept in a fixed deposit account in the name of respondent no. 1 for a period of 3(three) years and the balance amount shall be paid to the respondent nos.1 to 3 in equal proportion on satisfaction of their identity.

¶8On furnishing proof of the deposit of the entire settlement amount, the Registry shall release the statutory deposit made by the appellant.

¶9The matter is disposed of in this Lok Adalat. JUDGE Comparing Assistant

PageoNo.#o1/3 GAHC010136132024 ooooooo undefined ooooooooooooooo ooooooooooooooooTHEoGAUHATIoHIGHoCOURTo (HIGHoCOURToOFoASSAM,oNAGALAND,oMIZORAMoANDoARUNACHALoPRADESH)o CaseoNo.o:oI.A.(Civil)/3746/2024o ORIENTALoINSURANCEoCOMPANYoLTDo HAVINGoITSoREGISTEREDoOFFICEoAToORIENTALoHOUSE,oA25/27oASAFoALIo ROADoNEWoDELHIo110002oANDoREGIONALoOFFICEoAToGUWAHATIo7o REPRESENTEDoBYoREGIONALoMANAGER, VERSUSo BASANTIoRAIoANDo4oORSo W/OoLATEoSANTOSHoRAI,o RESIDENToOFoVILLAGEoAKAJANo,oPSoSILAPATHAR,oDISToDHEMAJI,oASSAM 2:SRIoPAPPUoRAI oS/OoLATEoSANTOSHoRAI o RESIDENToOFoVILLAGEoAKAJANo oPSoSILAPATHAR oDISToDHEMAJI oASSAM 3:SRIoBITUoRAI oS/OoLATEoSANTOSHoRAI o RESIDENToOFoVILLAGEoAKAJANo oPSoSILAPATHAR oDISToDHEMAJI oASSAo AdvocateoforotheoPetitionerooooo:oMRoSISHIRoDUTTA,oMRoSoDUTTA,MR.oSoDUTTA,MSoSo MOCHAHARIo Page No.# 2/3 Advocate for the Respondent : , Linked Case : ORIENTAL INSURANCE COMPANY LTD VERSUS BASANTI RAI AND 4 ORS F ------------ Advocate for : MR. S DUTTA Advocate for : appearing for BASANTI RAI AND 4 ORS F BEFORE HONOURABLE MR. JUSTICE KALYAN RAI SURANA