HIGH COURT LEGAL SERVICES COMMITFEE, DHARWAD BEFORE THE LOK ADALAT IN THE HIGH COURT OF KARNATAKA, CIRCUIT BENCH AT DHARWAD DATED THIS THE 21 DAY OF FEBRUARY 2011 CONCILIATORS PRESENT: THE HON’BLE MR.JUSTICE N.K.PATIL AND MR. C.R.S. PATIL, MEMBER MFA NO. 8026 OF 2007 (MV) Lok Adalat No.524/2010 BETWEEN 1. Kamala, W/o. Ganapathi Nair, Age: 55 years, 0cc: Household Work, RIo. Ranebennur, Dist: Haven. 2. Maruthi, Sb. Ganapathi Nair, Age: 32 years, 0cc: Business, R/o. Ranebennur, Dist: Haven. 3. Shashidhar, Sb. Ganapathi Nair, Age: 28 years, 0cc: Household Work, R/o. Ranebennur. 3. Gayathri, D/o. Ganapathi Nair, Age: 28 years, 0cc: Household Work, R/o. Ranebennur. Dist: Haven. Appellants (By Sni.Lokesh Mallawalli, Advocate) — — AND 1 Shivanand, S o. Chandrashekhar Hancliinal, Major. 0c: Vehicle Owner and Business. N / o. Ranebennur. 2. The Divisional Manager, New India Assurance Co. Ltd., Shamanur Building, Chamrajpet, Davanagere. Respondents (By Sri.Ravindra R.Mane, Advocate for R2: R 1 notice issued) This MPA filed u/s 173(1) of MV Act against the Judgment and Award dated 16/03/2007 passed in MVC.No.133,2005 on the file of the Civil Judge (Sr. Dn.) and Addi. MACT, Ranebennur, 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 ihc Court, the following Conciliation Order is passed CONCILIATION ORDER The learmd ounsel for the appellants, the learnd counsel for the second respondent and its representative arc present. •13 2. After due deliberation in the matter, they have arrived at a settlement. The second respondent has agreed to pay a sum of Z2,44,088/- (Rupees Two Lakhs Forty Four Thousand and Eighty Eight only) without interest, in addition to the amount already awarded by the 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 six weeks from the date of preparation of the award, failing which the amount shall carry interest at the rate of 9% per annum from the date of default, till the date of deposit. 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 16/03/2007 passed in MVC.No.133/2005 on the file of the Civil Judge (Sr. Dn.) and AddI. MACT, Ranebennur, stands modified in terms of the Joint Memo. 0 V I 4 Out of the enhanced compensation of !2,44,088/-, a sum of Z 1,50,000/- shall be invested in the Fixed Deposit Account, in the name of the first appellant - mother, for a period of three years, renewable by another three years, with liberty reserved to the mother, to withdraw the interest periodically. Remaining enhanced compensation of Z94,088/- shall be released in favour of the appellant Nos. 1 to 4 in equal proportion, immediately on deposit by the Insurer. Draw up the award accordingly. Sd/I: IZJDQZ BMV