Judgment · High Court

(By Sri. Shivakumar S. Badawadagi, Advocate) Respondents This MFA is filed U/S 173(1) of MV Act against the Judgment and Award dated: 11/10/2005 passed in MVC No.326/2004 on the file of the Addl. Civil Judge (SR.DN.) & Addl.MACT, Hubli, partly allowing the Claim Petition for compensation & seeking enhancement of Compensation. This Appeal coming on for conciliation before Lok the following Adalat, after being referred by the Court, Conciliation Order is passed. CONCILIATION ORDER The learned counsel for the appellants, the learned counsel for the respondents and their representative are present.

#2. After due deliberation in the matter, have arrived at a settlement. The Respondent — f4 Corporation has agrd to pa r sum of ?)00 000 (Rupees mo I akhs Onh) nithout Intc rest, in iddition to the am unt ilreadr in rded bt tne Iribunal I he Appellants have agreed to receirc the said amount full and final settlement of the claim 3 The respondent Corporation has agreed to deposit thc amount before the Tribunal nithiri six necks from the date of preparation of the award failing nhieh the arnouni shall carry interest t the iate of 90 annum from tht date of default ill the dat of dt posit Ihe partIes l i i nt Mnio i t rms s ttle n It I I st tt mer t r t r I t h p i r r ef r 4 the Fixed I)eposit .ccount in the name of the second appellant, .i period of fi’ c. sears. renet able In rinother five earc. ith Iibert rerrn’d to her dthdrav the interest periodic’all. A sum of 5O.OO0 shall be ünested in the Fixed Deposit Account, in the name of the first appellant. for a period of three years. renewable b3 another three years. with liberty reserved to him tn withdra the interest periodic’alh. Remaining c’ompensalior of ?50 000/ shall be dc ased in favour of th q’pellmts r l ). in equal p op tin immediatcl dc.p sit I’ poration. ‘iprh I .1