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. 3329/2023 (MV) (Lok Adalat No.575/2025) BETWEEN: 1 . SMT. B. LINGAMMA W/O LATE SRI. B.KRISHNAPPA, AGED ABOUT 41 YEARS, 2 . SRI. B.OBULARAYUDU S/O LATE B.GANGAPPA, AGED ABOUT 71 YEAR, 3 . SMT. BEGARLAPPALLI LAKSHMAMMA, W/O B.OBULARAYUDU, AGED ABOUT 68 YEARS, 4. KUMARI. BOYA. SRAVANI D/O LATE SRI. B.KRISHNAPPA, AGED ABOUT 19 YEARS, 5. KUMARI. BOYA SIREESHA, D/O. LATE SRI. B.KRISHNAPPA, AGED ABOUT 17 YEARS, 6. MASTER. B. AJITH, S/O. LATE SRI. B.KRISHNAPPA, AGED ABOUT 12 YEARS, 2 (SINCE APPELLANT 5 AND 6 ARE MINOR, DULY REPRESENTED BY THEIR MOTHER AND NATURAL GUARDIAN THE APPELLANT NO.1. ALL ARE RESIDING AT: NO.3-36, MARAVAPALLI, BC COLONGY, PENUGONDA, ANANTHAPUR DISTRICT 515 164. ...APPELLANTS (BY SRI. HARISH BABU K.N., ADVOCATE) AND: 1 . M/S. M. S. METALS AND STEELS PRIVATE LTD. NO.62, TIMBER YARD LAYOUT, MYSORE ROAD, BANGALORE-560 026. 2 . THE DIVISIONAL MANAGER, THE ORIENTAL INSURANCE CO. LTD. NO.20, 2ND FLOOR, 9TH MAIN, OPP. PAI VICEROY HOTEL, JAYANAGAR III BLOCK, BANGALORE-560 011. …RESPONDENTS (BY SRI. VENKATESH R BHAGAT, ADVOCATE FOR R1; SRI. K. SURESH, ADVOCATE FOR R2) MFA FILED U/S.173(1) OF MV ACT, AGAINST THE JUDGMENT AND AWARD DATED. 23.03.2023 PASSED IN MVC NO.1436/2020 ON THE FILE OF THE VII ADDITIONAL SMALL CAUSES JUDGE AND ACMM, MEMBER, MACT-3, COURT OF SMALL CAUSES, BENGALURU, 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. 3 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 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. 8,37,000/- (Rupees Eight 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.3,00,000/- 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 4 of 3 years with liberty to the appellant/claimant to withdraw the interest periodically. The remaining amount of Rs.5,37,000/- is ordered to be released in favour of the appellants – claimants, in terms of the apportionment made by the claims Tribunal, on proper identification. 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