1 HIGH COURT LEGAL SERVICES COMMITTEE, BENGALURU BEFORE THE NATIONAL LOK ADALAT IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 8TH DAY OF MARCH, 2025 CONCILIATORS PRESENT THE HON’BLE MR. JUSTICE T M NADAF & MR. PAVANA CHANDRA SHETTY H, MEMBER M.F.A.No. 4533/2020 (ECA) (Lok Adalat No.346/2025) BETWEEN: THE MANAGER, SHRIRAM GIC LTD., NO.CH-66-2904/1, SAPTHSWARA COMPLEX, OPP. RELIANCE HOME FINANCE, KANTHARAJA URS ROAD, SARASWATHIPURAM, MYSURU – 570 009 NOW REP BY SHRIRAM GIC LTD., NO.5/4, 3RD FLOOR, S.V.ARCADE BELEKAHALLI MAIN ROAD, OFF. B.G.ROAD, LIMB POST, BENGALURU – 560 076. …APPELLANT (BY SRI. PRADEEP B, ADVOCATE) AND: 1. ANANDA AGED ABOUT 28 YEARS, S/O MARAIAH 2 R/AT NO.139, 6TH CROSS, INFRONT OF YAJAMANA WINE STORE, RAJKUMAR ROAD, RAGHAVENDRANAGARA, MYSURU – 570 009. 2 . T. SRINIVASA NOW AGED ABOUT 57 YEARS, S/O LATE THIMMAIAH R/AT 2ND CROSS, MODEL HOUSE, ITTIGUD, NAZABAD MOHALLA, MYSURU. …RESPONDENTS (BY SRI. PRATHEEP K C, ADVOCATE FOR R1; SRI. JAGADEESH H T, ADVOCATE FOR R2) THIS MFA IS FILED UNDER SECTION 30(1) OF EMPLOYEES COMPENSATION ACT, 1923 AGAINST THE JUDGMENT AND AWARD DATED 29.06.2020 PASSED IN ECA NO.8/2016 ON THE FILE OF THE PRL. SENIOR CIVIL JUDGE AND CJM, MYSURU, AWARDING COMPENSATION OF RS.7,90,229/- WITH INTEREST AT 12 PERCENT P.A FROM THE DATE OF ACCIDENT TILL REALIZATION. THIS APPEAL COMING ON FOR CONCILIATION BEFORE NATIONAL LOK ADALAT, THE FOLLOWING CONCILIATION ORDER IS PASSED: CONCILIATION ORDER The learned counsel appearing for the Appellant – Insurance Company along with its representative are present. The learned counsel appearing for the Respondent – claimant is present. 3 2. After prolonged negotiations, the matter is settled. A joint memo signed by the learned advocate appearing for the respondent/claimant (being authorized by the respondent/claimant to sign) and the learned advocate appearing for the Appellant – Insurance Company and its authorized officer is filed. The respondent – claimant has agreed to receive and the Appellant - Insurance Company has agreed to pay a lump-sum of Rs.9,50,000/- (Rupees Nine Lakhs Fifty Thousand only), in full and final settlement of the claim. 3. The Appellant - 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. The amount if any, deposited before this Court shall be transferred to the Claims Tribunal. The amount in excess if any, shall be refunded to the Insurance Company. 4 4. The apportionment, deposit and release of the modified compensation amount shall be made in terms of the Judgment and Award passed by the Claims Tribunal. 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. 6. If trial Court records are secured, the same shall be sent back to the Tribunal forthwith, without any further delay. Draw up the Award accordingly. Sd/- JUDGE Sd/- MEMBER MH/-