HIGH COURT LEGAL SERVICES COMMITTEE, BANGALORE BEFORE THE LOK ADALAT IN THE HIGH COURT OF KARNATAKA AT BANGALORE DATED THIS THE 19th DAY OF OCTOBER, 2011 CONCILIATORS PRESENT: HON’BLE MR. JUSTICE N.K.PATIL AND SRI. K.M.NATARAJ, MEMBER Miscellaneous First Appeal No.4616/2010 (Lok Adalat No.1217/2011) BETWEEN: P.I.Korian @ Kurincase s/o. Purutur, Aged about 47 years, Occu: Nil (Before Representative Devi Industries) Res.Kalasipalya, 3rd Cross, Bangalore. Appellant (By Smt. M.C,Umadevamma, Advocate) AND 1. Suresh Kumar S/o.Ramakrishnan, Age: Major, Res.33/2, AV Road, Kalasipalya, Bangalore — 2. 2. The Manager, Oriental Insurance Co.Ltd., 44/45, Leo Shopping Complex, Residency road, Near Mayo-hall, Bangalore. Respondents (By Sri. K.K.Vasanth, Advocate for R-2) MFA FILED U/S. 173(1) OF MV ACT, AGAINST THE JUDGMENT AND AWARD DATED 17-03-2010 PASSED IN MVC NO.6273/2008 ON THE FILE OF THE MEMBER, MACT & XI ADDL. JUDGE, COURT OF SMALL CAUSES, BANGALORE, PARTLY ALLOWING THE CLAIM PETITION FOR COMPENSATION AND SEEKING ENHANCEMENT FOR COMPENSATION 2 THIS MFA COMING ON FOR CONCILIAITION BEFORE LOK ADALAT AFTER BEING REFERRED VIDE ORDER DTD.1-07-2011, THE FOLLOWING ORDER IS PASSED. CONCILIATION ORDER The learned counsel for the Appellant -Claimant and the learned counsel for Insurance Company along with its representative are present. 2. After prolonged negotiations, the matter is settled. The appellant —claimant has agreed to receive and the Respondent-Insurance Company has agreed to pay a lump sum of Rs.2,80,000/- (Rupees Two Lakh Eighty Thousand only) in addition to what has been awarded by the Tribunal, in full and final settlement of the claim. A joint Memo is filed on behalf of the parties to this effect. 3. The Respondent-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 9% per annum from the date of default, till the date of deposit. 4. Out of the enhanced compensation amount, a sum of Rs.2,00,000/- shall be kept in fixed deposit in the name of the appellant in any Nationalized Bank for a period of 5 years with liberty 3 to draw the interest on the said amount and the balance amount shall be released in favour of the appellant. 5. This miscellaneous first appeal stands disposed of in terms of the Joint memo. The award of the Tribunal shall stand modified accordingly. Draw up the Award accordingly. Sd/ JUDGE 3, RR