1 HIGH COURT LEGAL SERVICES COMMITTEE, BENGALURU BEFORE THE HIGH COURT 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 R. DEVDAS & SRI. RAJASHEKAR K. MEMBER M.F.A.NO.2191/2025 (MV) (Lok Adalat No.4759/2025) BETWEEN NATIONAL INSURANCE COMPANY LTD., REGIONAL OFFICE, NO.144 SUBHRAM COMPLEX M.G. ROAD, BANGALORE-560001 REP. BY ITS REGIONAL MANAGER …..APPELLANT (SRI. SHANKAR REDDY C., ADVOCATE) AND 1. SRI. SAMIULLA S/O BASHASABI, AGED ABOUT 52 YEARS R/A A-DIVISIO, 4TH BLOCK 8TH WARD, NEAR NETHAJI CIRCLE BAGEPALLI TOWN AND TALUK CHIKKABALLAPURA DISTRICT-561207. 2. SMT. S.A. NAGARATHNAMMA W/O S.K.ASWATHANARAYANA RAO 2 AGED ABOUT 53 YEARS R/A NO.8-89-A, KOTTA VEEDHI AMARAPURAM TOWN HINDUPURAM TALUK, ANATHAPURAM DISTRICT ANDRAPRADESH-515281. ……RESPONDENTS ( SRI. D.V. SHASHANK., ADVOCATE) THIS MFA IS FILED U/S 173(1) OF MV ACT AGAINST THE JUDGMENT AND AWARD DATED 15.03.2024 PASSEDIN MVC NO. 106/2021 ON THE FILE OF THE SR. CIVIL JUDGE AND MACT., ABGEPALLI, AWARDING COMPENSATION OF RS. 39,42,000/- WITH INTEREST AT 6 PERCENT P.A. ON RS. 31,42,000/- FROM THE DATE OF PETITION TILL REALIZATION. THIS APPEAL COMING ON FOR CONCILIATION BEFORE HIGH COURT 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. 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 3 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.43,00,000/- (Rupees Forty Three Lakhs only) in full and final settlement of the claim. 3. The Appellant - Insurance Company has deposited Rs.25,000/- as statutory deposit. The same shall be transferred to the Claims Tribunal. 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. The amount if any, deposited before this Court shall be transferred to the Claims Tribunal and the amount if any, in excess shall be refunded to the Insurance Company. 5. This Miscellaneous First Appeal stands disposed of in terms of the Joint memo. The Judgment and Award of the 4 Tribunal shall stand modified accordingly. Draw up the Award accordingly. Sd/- JUDGE Sd/- MEMBER JT/-