IN THE HIGH COURT OF JUDICATURE, ANDHRA PRADESH AT HYDERABAD PRESENT : : THE HON’BLE SRI JUSTICE N.V.RAMANA AND THE HON’BLE SRI JUSTICE P. DURGA PRASAD M.A.C.M.A.No.1343 of 2008 Dated:18-08-2011 Between: The New India Assurance Company Limited. ….Appellant. And Smt. Sayeedunnisa Begum and others. ….Respondents. The Court made the following: THE HON’BLE SRI JUSTICE N.V.RAMANA AND THE HON’BLE SRI JUSTICE P. DURGA PRASAD M.A.C.M.A.No.1343 of 2008 ORDER: (per the Hon’ble Sri Justice N.V.Ramana) When the matter came up before us for hearing, it is observed that as per Office report the matter was placed before the Lok Adalat and by an award dated 21.02.2011 the matter is settled in the Lok Adalat with the following terms. (1) The parties have reported compromise for an amount of Rs.10,75,000/- (Rupees Ten Lakhs Seventy Five Thousand only) by reducing the amount of Rs.1,01,000/- from the awarded amount of Rs.11,76,000/- in O.P. with interest @ 7.5% P.A. from the date of petition till the date of realization. (2) The insurance Company agreed to deposit the settled amount within one month from the date of Award, after giving due credit paid by them. (3) The respondents/petitioners 1 to 4 are permitted to withdraw the compensation amount, soon after its deposit as per the ratio awarded by the lower Court. (4) The parties are informed that the Court fee, if any, paid by any of them shall be refunded. Thus the appeal is partly allowed in terms of the Lok Adalat award. There shall be no Order as to costs. _______________________ JUSTICE N.V.RAMANA. _____________________________ JUSTICE P. DURGA PRASAD Dated:18-08-2011 Ksp