I BET ORE THE PRE-LOK ADALAT TGH (]OI]RT OF J&K AND LADAKH, AT JAMMU ***rr*/r Organized bv Hi lr ClourL Legal Services Cornrnittee U/S 19 of Legal Services Authorities Act. I CIMA - 2t0 t20t United Insuranc I lo. Ltt . Vs Sham Lal & Ors. Respondent(s) Petitioner(s)/.4ppt tt,mt(s) Present: - Sh. Yr h Paul $harma, Special Judge NDPS, Jammu) Ms. ll rlha Slrarma Advocate (Panel Lawyer) AWARD BENCH-II The dispute r the p rrties having been ref-erred for determination to the Pre-Lok Adalat Session t' Natr rnal Lok Adalat held today and the parties having compromised/sett ed the rrrattr:r and the following award is passed in terms of the settlement: The present a is against the award past by MACT Jammu whereby the Tribunal below Forty-Eight Th s awarded a compensation of Rs. 20,,48,4081- (Rs. Twenty Lac usand liour Hundred and Eight Only) alongwith interest @ 7.500 P.A. in till, realization. our ol'clairnants from the date of institution of Claim petition 117. The parties hav agreed that the Lac Only) on w institution of cl Company depos amount out of till realization The remaining amount already accordingly. File to be subrn orders. Announced 03-05-2025 arriverl on settlement in the Lok Adalat whereby it has been nrount of settlement shall be Rs. 17,00,000/- Lac (Rs. Seventeen ich the clairnants would get interest @ 7.50oh from the date of rn petition i.e 02.02.2013 till 31.10.2017 whcn the Insurance ed the amount in the Hon'ble High Court. On the remaining tled anrount, the claimants would get interest from 31.10.2017 amount @ which the Bank has paid on the FDR. nrount shall be released in favour of Insurance Company. The releasetl in favour of Claimants/Respondents shall be adjusted ed bac to Registry of Hon'ble the High Court for appropriate I I I HELD ar |rr I