In OP(MV) No.738 of 2015 on the file of the Motor Accidents Claims Tribunal, Tirur, a claim petition filed claiming an amount of ₹20,00,000/- as compensation for the death of the deceased who succumbed to the injuries sustained in a motor accident occurred on 11.04.2015, the tribunal awarded an amount of ₹13,61,000/- as compensation under different heads, directing the insurer to deposit the said amount along with interest at the rate of 7% per annum from the date of the claim petition till realization. Alleging that the compensation awarded by the tribunal is excessive, the insurer has come up with MACA No.2776 of 2018, whereas the claimants have filed CO No. 125 of 2019 dissatisfied with the compensation.

2. Today, when the matter came up for consideration, the learned counsel for the claimants as well as the learned Standing Counsel for the insurer submitted that they have filed a joint memo of compromise dated 18.11.2025, wherein it is stated that the claim of the claimants has been settled by the insurer, agreeing to deposit a further amount of ₹14,40,000/- in full and final satisfaction all the claims as compensation inclusive of all, before the tribunal within a period of one month from 2026:KER:16580 MACA No.2776/2018 & CO No.125/2019 ..6..

the date of receipt of a copy of this judgment, failing which, the said amount will carry interest at the rate of 8% per annum from the date of default.

3. In the light of the joint memo of compromise filed by the parties, the impugned award is modified by directing the insurer to deposit an amount of ₹14,40,000/- (Rupees fourteen lakh and forty thousand only) in full and final satisfaction all the claims as compensation inclusive of all, before the tribunal within a period of one month from the date of receipt of a copy of this judgment, failing which, the said amount will carry interest at the rate of 8% per annum from the date of default.

The appeal and the cross objection are disposed of, in terms of the joint memo of compromise as above. The joint memo of compromise will form part of the judgment.

SHOBA ANNAMMA EAPEN JUDGE bka/-

BEFORE THE HONtsLE HIGH COURT OF KERALA, ERNAKULAM MAC.|" No. 2276 of 2078 & Reliance General Insurance Co.

Ltd. r,s. Santha and others And Santha and others vs. Reliance General Insurance Co. Ltd .

JOINT MEMO OF COMPROiltrSU FILED BY THE APPELLANT, RELIANCE GENERAL INSURANCE CO. LTD.

AND THE RESPONDENTS/CO OBJI'CTIONERS 1' The above appeal was- Iired againpt the award d.ated 74/02/201g in o.p.

(M'V) No'738/2015 0f the Motor a""ia.it" cr*ims Tribunal, Tirur which is numbered as MACA 2|7:/?g1g.

ffr. n""po"aents in the above MACA filed Cross Objection as C.O. L2S/2}tg.

2' The matter involved in the appeal and co objection has been setfled between the parties.

l,-:.:q1f that d";"if Co. Ltd in MACA 2ZZ6/2Ottt the eppellant, Reliance Insurance Rs.14,40,000/- (Rupees "hrll an additional amount of Fourteen tatfrs forty the MACT, Tirur in fu'I and finar satisfacuo".i", Thousand onl5r) before the co-objection craims in the above case as compensation incrusive of arl, rvithin one month from the date of receipt of the judgme"t .r trti" rr."tle court, failing which the said amount will carry go% interest from the daie of defautt.

3. The appellant insurar ^ :