HIGH COURT LEGAL SERVICES COMMITTEE v. TERMS OF SETTLEMENTBoth the parties and their respective counsel are present.2.The above

Parties have now arrived at a settlement, by which the Insurance Company is agreed to pay a sum of Rs.4,00,000/- (Rupees Four lakhs only ) over and above the award amount passed by the tribunal and in full quit to the respondent, within a period of six weeks from the date of receipt of a copy of this order. 4. The Insurance Company shall deposit a sum of Rs.4,00,000/-, less the amount already deposited before the Tribunal, if any, within a period of six weeks from the date of receipt of a copy of this order, failing which the Insurance Company agreed to pay interest at the rate of 7.5% per annum. On such deposit, the claimant shall be entitled to withdraw the award amount as per the ratio of apportionment made by the Tribunal. 5. The Tribunal is directed to follow the usual mode of payment on proper identification of the parties, concerned, in accordance with the terms of the award, without insisting on any formal permission petition. The Civil Miscellaneous Appeal is disposed of accordingly. G.NarayananCounsel for the Appellant1. G.Gunasekaran2. United India Insurance Company Limited, Motor Third Party Claim Cell (hub), O.No.40/42, New No.134, 2nd Floor, Siling Building, Greams Road, Chennai-06 Counsel for the 2nd Respondent https://www.mhc.tn.gov.in/judis This National Lok Adalat award is passed in terms of the above settlement. The Court fee paid shall be refunded to the parties in the manner provided under the Court Fees Act, 1870 as provided for under sub Sec.1 of Section 21 r/w 25 of LSA Act 1987 as amended in 1994.Judge Member MemberToThe parties/Advocate concernedCopy to1.The Motor Accident Claims Tribunal, (V Court of Small Causes), Chennai. 2. The Secretary, High Court Legal Services Committee, Chennai. 3. The Section Officer, V.R.Section, High Court, Madras.