HIGH COURT LEGAL SERVICES COMMITFEE. DH?R WAD BEFORE THE LOK ADALAT IN THE HIGH COURT OF KARNATAKA. CIRCUIT BENCH AT DHARWAD DATED THIS THE 22ND DAY OF FEBRUARY 2011 CONCILIATORS PRESENT: THE HON’BLE MR.JUSTICE N.K.PATIL AND SRI, N. S. KULKARNI, MEMBER MFA Nch8859OE200LfMYi Lok Adalat No.579/2010 BETWEEN Smt. Prashanti, W/o. Nitvanand Shattigar, Age: 33 years, 0cc: Household Work, R/o. Mahantesh Nagar, Belgaum. 2. Kumari Chandrakala. D/o. Nitvanand Shattigar, Age: 14 years, 0cc: Student, R/o. Mahantesh Nagar, Belgaum. 3. Kumar Sachin, S/o. Nitvanand Shattigar, Age: 1 2 years, 0cc: StucIent. R/o. Mahantesh Naar, Belgaum (Appellants No.2 and 3 being minors Represented by their natural guardian Mother-Appellant No. 1-above Smt. Prashanti W, a. Ntvanand Shauigar) 4. Smt. Sumati, W/o. Narayan Shattigar, Aged about 65 years, 0cc: Household Work, RIo. Mahantesh Nagar, Belgaum. Appellants (By Sri.Jagadish Path, Advocate) AND 1. Sri. Mahaveer V. Jakanur, Age: Major, 0cc: Business, R/o.3rd Cross, Veerbhadra Nagar, Belgaum. 2. The Divisional Manager, New India Assurance Co. Ltd., Divisional Office, Club Road, Belgaum. Respondents (By Sri. Q.N.Raichur, Advocate for R2; Ri - Served) This MFA is filed u/s 173(1) of MV Act against the Judgment and Award dated 03.11.2006 passed in MVC No.1934/2002 on the file of the III Addi. Civil Judge (Sr.Dn.) and Addl. MACT, Belgaum, partly allowing the claim petition for compensation and seeking enhancement of compensation. This Appeal coming on for conciliation before Lok Adalat, after being referred by the Court, the following Conciliation Order is passed. CONCILIATION ORDER The learned counsel for the appellants, the learned counsel for the second respondent and its representative are present. 2. After due deliberation in the matter, they have arrived at a settlement. The second respondent has agreed to pay a sum of 6O,OOO/ (Rupees Sixty Thousand only) without interest, in addition to the amount already awarded by th Tribunal, The Appellants have agreed to receive the said amount in full and final settlement of the claim. 3. The second respondent has agreed to deposit the amount before the Tribunal within four weeks from the date of receipt of a copy of the conciliation order, failing which the amount shall carry interest at the rate of 9% per annum from the date of default, till the date of I, deposit. / 4 S 4. The parties have filed a Joint Memo in terms of their settlement. The settlement is in the best interest of the parties and therefore, accepted. 5. Accordingly, the Judgment and Award dated 03.11.2006 passed in MVC No.1934/2002 on the file of the III Addl. Civil Judge (Sr.Dn.) and Addl. MACT, Belgaum, stands modified in terms of the Joint Memo. Out of the enhanced compensation of ?60,000/-, a sum of 30,000/- shall be invested in the Fixed Deposit Account, in the name of the first appellant, for a period of five years, renewable by another five years, with liberty reserved to her to withdraw the interest periodically. Remaining compensation of ?30.000/- shall be released in favour of the first appellant immediately on deposit by the Insurer. BM V * Draw up the award accordingly. Sd! JUDGE htFMbER