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 MRS. JUSTICE K.S. HEMALEKHA & SMT. SOHANI HOLLA, MEMBER M.F.A.No. 2857 OF 2025 (MV) (Lok Adalat No.5492/2025) BETWEEN: THE BRANCH MANAGER, NATIONAL INSURANCE COMPANY LIMITED V.V. ROAD, MANDYA, THROUGH ITS REGIONAL OFFICE AT BENGALURU, NO 144, SUBHARAM COMPLEX, M.G.ROAD, BENGALURU -560001 REPRESENTED BY ITS MANAGER ... APPELLANT (BY SRI S.V.HEGDE MULKHAND, ADVOCATE) AND: 1 . SMT. SUNITHA C, W/O LATE RAJU B.L., AGED ABOUT 36 YEARS, 2 . SHREAYA R, D/O LATE RAJU B.L, AGED ABOUT 15 YEARS, 3 . SRUJAN R., S/O LATE RAJU B.L., 2 AGED ABOUT 12 YEARS THE RESPONDENT NO.2 AND 3 ARE MINORS AND REPRESENTED BY NEXT FRIEND GUARDINA MOTHER SUNITHA C., 4 . SMT. VASANTHA W/O LATE LINGARAJU, AGED ABOUT 38 YEARS 5 . SRI MAHESH KUMAR B.L., (DIED) ALL ARE R/AT DODDABHUVALLI VILLAGE, B.G. PURA HOBLI, MALAVALLI TALUK, MANDYA DISTRICT-571430 6 . SRI RAGHU C., S/O CHIKKAMAHADEVAIAH, MAJOR R/AT NO.161, KANNAHALLI VILLAGE, MOOGURU HOBLI, T.NARASIPURA TALUK, MYSURU DISTRICT -571124 ... RESPONDENTS (BY SRI THIPPESWAMY B.C., ADVOCATE) THIS MFA IS FILED U/S 173(1) OF MV ACT AGAINST THE JUDGMENT AND AWARD DATED 07.12.2024 PASSED IN MVC NO.922/2019 ON THE FILE OF THE SENIOR CIVIL JUDGE AND MACT, MALAVALLI, AWARDING COMPENSATION OF RS.27,95,147/- WITH INTEREST AT 9 PERCENT P.A. ON THE COMPENSATION AMOUNT FROM THE DATE OF FILING OF PETITION TILL ITS ENTIRE REALIZATION. 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 appellant - Insurance Company along with its representative is present and the learned counsel appearing for respondents – claimants are present. 2. After prolonged negotiations, the matter is settled. A joint memo signed by the learned advocate appearing for the appellant/Insurance Company and its authorized officer is filed and the learned advocate appearing for the respondents- claimants (being authorized by the respondents/claimants to sign). The respondents- claimants have agreed to receive and the claimant-Insurance Company has agreed to pay a lump-sum of Rs.27,95,147/- (Rupees Twenty Seven Lakh Ninety Five Thousand One Hundred Forty Seven only), with interest at 6% p.a from the date of petition till deposit in the place of compensation amount of Rs.27,95,147/- with 9% interest p.a awarded by the Tribunal, 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 tribunal. 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. Draw up the Award accordingly. Sd/- JUDGE Sd/- MEMBER AT