C. Praveen Kumar, J.

1. Aggrieved by the award dated 29.06.2006 passed in O.P. No. 362 of 2001 on the file of the Motor Accidents Claims Tribunal-cum-IV Additional District Judge (FTC), Mahaboobnagar, the New India Assurance Company Limited filed the present appeal under Section 173 of the Motor Vehicles Act, 1988 (for short "the Act"), wherein and whereunder the Tribunal awarded a sum of Rs. 1,50,000/- as compensation by directing the insurance company to pay the said amount with interest from the date of filing of petition till the date of realization at first instance and later recover the same from the first respondent.

2. For the sake of convenience, the parties will hereinafter be referred to as arrayed in O.P.

3. The facts in issue are as under:

"The claimants, who are the parents of one V. Chennaiah, filed a petition under Section 166 of the Act, claiming compensation of Rs. 1,50,000/- for the death of one V. Chennaiah in a motor accident that took place on 28.04.2001. It is stated that on the fateful day the deceased was engaged as a labourer in a Tractor-Trailer bearing No. AP.22.E.2209 and 2210 for transporting earth from Bhaktimalla village water tank to the fields