HIGH COURT LEGAL SERVICES COMMI’fI’EE, DHARWAD BEFORE THE LOIK ADALAT IN THE HIGH COURT OF KARNATAKA CIRCUIT BENCH AT DHARWAD DATED THIS THE 17TII DAY OF AUGUST, 2011 CONCILIATORS PRESENT: HON’BLE MR.JUSTICE B.S.PATIL & SRI S.S.PATIL, MEMBER M,F.A.No.23543/ 201 0(MV) (Lok Adalat No.553/2011) BETWEEN: Sri.Nagappa S/o Basappa Tarihal, Age: 37 years. 0cc: Agriculture Coolie(Now nil) R/o Kukadolli now at MK.Hubli, Tq: Bailhongal, Dist: Belgaum. APPELLANT [By Sri.Hanamant R Latur, Adv] AND: 1. Smt.Mangal Basavanneppa Degavi, Age: 40 years, 0cc: Business, R/o Gandigwad, Tq: Khanapur, Dist: Belgaurn, 2. The Branch Manager, Oriental Insurance Co. Ltd., The Merchants Bank BuIdine -2- S.R.Circle, Bafihongal, Tq: Bailhongal. 3. Sri.Chennabasayya 8/0 Chennayya Mastamaradi, Age: 50 years, 0cc: Agricultue, Rio virpannkoppa, Tq & Dist: Belgaum. a o (By Sri.M.Y.Katagl, Adv. for R2j This MFA is filed under Section 173(1) of the MV Act, 1988, against the judgment and award dated 18.01.2010 passed in MVC No.2892/2008 on the file of the Presiding Officer, Fast Track Court and Motor Accident Claims Tribunal, Bailhongal, partly allowing the claim petition for compensation and seeking enhancement of compensation. This appeal coming on for Conciliation before Lok Adalat after being referred vide order dated 28.07.2011, the following order is passed. CONCILIATION ORDER Learned Counsel for the appellant and the learned Counsel for respondent No.2 along with its representative are present. 2. After prolonged negotiations, the matter is settled. Appellant has agreed to receive and respondent No.2 has agreed to pay a lump-sum compensation of t40,000/- [Rupees Forty Thousand only in addition to what has been awarded by the Tribunal, in full and final settlement of the t • -3- claim. A Joint Memo is filed on behalf of the parties to this effect. 3. Respondent No.2 has agreed to deposit the said amount, within six weeks from the date f preparation of the award is notified, failing which the, said amount shall carnr interest at 9% p.a. from the date of default, till the date of deposit. Out of the sum of t40,000/-, Z. 15,000/- shall be invested in Fixed Deposit for a term of three years in any Nationalised Bank and the remaining amount shall be paid to the appellant-claimant. 4. This miscellaneous first appeal stands disposed of in terms of the Joint Memo. The award of the Tribunal shall I— standy modified accordingly. Draw up the Award accordingly. Sd/-. JUDGE Sd’.