1 HIGH COURT LEGAL SERVICES COMMITTEE, BENGALURU BEFORE THE NATIONAL LOK ADALAT IN THE HIGH COURT OF KARNATAKA AT BENGALURU DATED THIS THE 26TH DAY OF APRIL, 2025 CONCILIATORS PRESENT THE HON’BLE MR. JUSTICE V KAMESWAR RAO & MR. SHANTHI BHUSHAN H., MEMBER M.F.A.No. 7297/2022 (MV I) (Lok Adalat No.2020/2025) BETWEEN: SRI VENKATESH K, S/O KARIYAPPA, AGED ABOUT 28 YEARS, R/AT NO.31, 2ND CROSS, VIDYANAGAR, DOMBARAHALLI, SIDDENA HOSAHALLI, MADANAYAKANAHALLI, BENGALURU CITY. …APPELLANT (BY SRI. NAIK KRISHNA VENKATRAMAN, ADVOCATE) AND: 1 . NANDI FEEDS, PROP. SOMASHEKAR V. R., MAJOR, 1ST FLOOR, TAPCMS COMPLEX, JANATA BAZAR, BEHIND BUS STOP, NELAMANGALA, BENGALURU – 562 123. 2 2 . THE MANAGER, RELIANCE GENERAL INSURANCE CO. LTD., NO.3, 1ST FLOOR, NORTH WING, MANANDI PLAZA, ST. MARKS ROAD, BENGALURU – 560 001. (POLICY NO.14092-19234000000955 VALID FROM 17/03/2019 TO 16/03/2020) …RESPONDENTS (BY SRI. H.C.BETSUR, ADVOCATE FOR R2) THIS MFA IS FILED U/S.173(1) OF MV ACT, AGAINST THE JUDGMENT AND AWARD DATED 16.02.2022 PASSED IN MVC NO. 470/2020 ON THE FILE OF THE MEMBER, MACT, XVI ADDITIONAL JUDGE, COURT OF SMALL CAUSES, BENGALURU CITY (SCCH-14), 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 We mark the presence of Sri. Sandeep.S.K, Chief Legal Manager of respondent No.2-Insurance Company. 2. After prolonged negotiations, the matter is settled. A joint memo signed by the learned counsel for the appellant/ claimant (being authorized by the appellant/claimant to sign) and by the Authorized Officer of respondent No.2, duly signed by its counsel is filed before the Lok Adalath. 3 3. The appellant-claimant has agreed to receive and the respondent-Insurance Company has agreed to pay a lump-sum of Rs.4,50,000/- (Rupees Four Lakhs Fifty Thousand only), in addition to what has been awarded by the Tribunal, in full and final settlement of the claim. 4. Respondent No.2-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. 5. Out of the enhanced compensation amount, Rs.1,50,000/- (Rupees One Lakh Fifty Thousand only) shall be invested in Fixed Deposit in the name of the appellant/claimant in any Nationalized/Scheduled Bank for a period of 3 years with liberty to the appellant/claimant to withdraw the interest periodically. The remaining enhanced compensation amount of Rs.3,00,000/- (Rupees Three Lakhs only) is ordered to be released in favour of the appellant/claimant, on proper 4 identification by the appellant’s counsel and their proper documentation. 6. It is clarified that the order of the Tribunal in respect of distribution of the compensation thereof has not been varied. 7. The 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 PA