1 HIGH COURT LEGAL SERVICES COMMITTEE, BENGALURU BEFORE THE NATIONAL LOK ADALAT IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 08TH DAY OF MARCH 2025 CONCILIATORS PRESENT: THE HON’BLE MRS. JUSTICE K.S. HEMALEKHA & SRI. VIJAYAKUMAR. MAJAGE, MEMBER M.F.A.No. 1056/2025 (MV) (Lok Adalat No.307/2025) BETWEEN: 1 . SRI. RAMAIAH, S/O LATE CHIKKARAMAIAH, AGED ABOUT 72 YEARS, 2 . RAJASHEKAR M. R., S/O RAMAIAH, AGED ABOUT 46 YEARS, BOTH ARE RESIDING AT: MUTHSANDRA, SWANDENAHALLI, TUMAKURU TALUK AND DISTRICT - 572 106. ...APPELLANTS (BY SRI. SHANTHARAJ K., ADVOCATE) AND: 1 . MILKY MIST DAIRY FOOD PRIVATE LIMITED, 1ST STAGE, BOMMASANDRA C-52, INDUSTRIAL ESTATE, 2 HOSUR ROAD, BENGALURU - 560 099, BY ITS MANGER. 2 . THE ORIENTAL INS. CO. LTD., MOTOR CLAIM DEPT VSC, 15-1, DIVYA TOWER, 2ND FLOOR, WESTERN PART, OPP. FIRE STATION, FORT MAIN ROAD, SALEM - 636 001. BY ITS MANAGER …RESPONDENTS (BY SRI. C. SHANKARA REDDY, ADVOCATE FOR R2) MFA FILED U/S.173(1) OF MV ACT, AGAINST THE JUDGMENT AND AWARD DATED. 22.02.2022 PASSED IN MVC NO.1462/2019 ON THE FILE OF THE ADDITIONAL DISTRICT AND SESSIONS JUDGE, TUMAKURU, PARTLY ALLOWING THE CLAIM PETITION FOR COMPENSATION AND SEEKING ENHANCEMENT OF COMPENSATION. THIS APPEAL COMING ON FOR CONCILIATION BEFORE NATIONAL LOK ADALAT, THE FOLLOWING CONCILIATION ORDER IS PASSED. CONCILIATION ORDER The learned Counsel appearing for the Appellants - Claimants is present. The learned Counsel appearing for the Respondent – Insurance Company along with its representative are present. 2. After prolonged negotiations, the matter is settled. A joint memo signed by the learned advocate appearing for the appellants/claimants (being 3 authorized by the appellants/claimants to sign) and the learned advocate appearing for the respondent-Insurance Company and its authorized officer is filed. The appellants-claimants have agreed to receive and the respondent -Insurance Company has agreed to pay a lump-sum of Rs. 9,37,000/- (Rupees Nine Lakhs Thirty Seven Thousand only), in addition to what has been awarded by the Tribunal, in full and final settlement of the claim. 3. The Respondent - Insurance Company has agreed to deposit the said amount before the Tribunal within six weeks from the date of preparation of award, failing which, the said amount shall carry interest at the rate of 9% P.A. from the date of default, till the date of deposit. 4. Out of the enhanced compensation amount to be deposited by the Insurance Company, Rs.4,37,000/- is directed to be invested in Fixed Deposit in favour of the appellants – claimants in terms of the apportionment made by the claims Tribunal, in any Nationalized Bank/Scheduled Bank/Post Office for a period of 3 years with liberty to the appellant/claimant to withdraw the interest periodically. The remaining amount of Rs.5,00,000/- is ordered to be released in favour of the appellants – claimants, in terms of the apportionment made by the claims Tribunal, on proper identification. 4 5. This Miscellaneous First Appeal stands disposed of in terms of the Joint memo. The Judgment and Award of the Tribunal shall stand modified accordingly. Draw up the Award accordingly. Sd/- JUDGE Sd/- MEMBER AT