C.R.No.1244 of 2010 1 IN THE HIGH COURTOF PUNJAB AND HARYANA, CHANDIGARH. C.R.No.1244 of 2010 Date of decision: 29.4.2010 National Insurance Company Ltd. .....Petitioner vs. Madhu Bala and others ....Respondents CORAM: HON'BLE MR.JUSTICE RAKESH KUMAR GARG. --- Present: Mr.M.L.Suri, Senior Advocate, with Mr.Neeraj Khanna, Advocate, for the petitioner. Mr.Sunil Chadha,Advocate, for the respondents. -- Rakesh Kumar Garg,J.(Oral) In this petition the only dispute is with regard to payment of interest on the amount of compensation amounting to Rs.3,84,000/- awarded to the respondent-claimants in MACT Case No.75 of 16.2.1989 decided on 10.3.1992 by Motor Accidents Claims Tribunal, Kapurthala. According to the petitioner no amount of interest was granted by the Tribunal while passing the award in favour of the claimants and, therefore, the impugned order dated 7.1.2010 passed by the Executing Court directing the petitioner to pay the amount of interest, which was not payable, was erroneous and illegal, and was liable to be set aside. On 5.4.2010 the parties were directed to explore the possibility of amicable settlement with regard to payment of interest. Amicable settlement has been reached with respect to the same with the efforts of the learned counsel for the parties and it has been agreed that interest on the amount of compensation of Rs.3,84,000/- shall be paid C.R.No.1244 of 2010 2 to the claimants at the rate of 8% with effect from the date of filing the claim application i.e. 6.12.1989. In view of the aforesaid amicable settlement reached between the parties the impugned order is modified to the extent that the petitioner shall pay interest on the awarded compensation to the claimants at the rate of 8% per annum with effect from 6.12.1989 i.e. the date of filing of the claim petition. Learned counsel for the petitioner assures that the amount of interest shall be deposited with the Tribunal within one month from today. Disposed of ( Rakesh Kumar Garg) Judge April 29, 2010 rk